Incentive Design Changes in Response to Covid-19: Research Findings & Perspectives

Join Semler Brossy’s Managing Directors, Greg Arnold and Blair Jones, along with Directors & Boards' Managing Editor, April Hall as they drive this important incentive pay conversation forward.

Tuesday, October 6, 2020
1 p.m. ET  | 10 a.m. PT
60 minutes


Many companies whose businesses have been curtailed by Covid-19 are struggling with how to handle incentive pay as they finish out 2020 and head into 2021. The pandemic has evaporated the performance-based value of equity grants at these companies —not just for one year, but potentially for three. Meanwhile, other companies that have benefitted from Covid-19 must think through a fair outcome and whether incentive payouts well above target are appropriate.  Now, more than six months into the pandemic, the level of uncertainty remains extraordinarily high for many companies and industries.

  • How can the board best keep management motivated in these circumstances? 
  • What choices do boards have?
  • What changes will have a lasting impact?

Through a recent study of pandemic-driven incentive changes for Russell 1000 companies and relevant client work, Semler Brossy reveals new insights. Join Semler Brossy’s Managing Directors, Greg Arnold and Blair Jones, along with Directors & Boards' Managing Editor, April Hall as they drive this important incentive pay conversation forward.


Greg Arnold

Managing Director, Semler Brossy

Greg has over 14 years of executive compensation consulting experience, including 9 years with Semler Brossy. Greg works across industries and has extensive experience across technology, consumer goods, retail, and healthcare companies. He advises companies ranging in size and stage, from pre-IPO and emerging growth companies to established Fortune 50 organizations.

Greg supports both Compensation Committees on executive pay and governance issues, as well as management teams seeking to address strategic compensation issues including equity strategy and incentive plan design.

Greg has prior experience at Mercer Consulting and Korn Ferry’s Human Capital practice. Additionally, Greg formerly served in an HR leadership role overseeing Compensation, Benefits, and HR Operations for a private equity backed retail services company with over 50,000 employees.

He has publications in Directors & BoardsNACD Directorship, and Workspan and has been republished by Harvard Corporate Governance Forum.

He is a graduate of Pomona College in Claremont, CA.


Blair Jones

Managing Director, Semler Brossy

Blair has 30 years of experience in executive compensation consulting, primarily advising public company boards but also private and pre-IPO companies. Blair has extensive experience across healthcare, retail, consumer products, automotive, and aerospace industries. She has expertise in advising boards on company transitions, significant investor concerns, and an expanding human capital management mandate.

Blair regularly speaks at leading board of directors and executive forums and is a prominent author in the executive compensation space. Her articles have been featured in many publications including NACD DirectorshipDirectors & BoardsHarvard Business ReviewWorkspanCorporate Board Member, and Bloomberg. Blair was a many-year member of the Executive Rewards Advisory Council for WorldatWork and co-founded WorldatWork’s Women in Executive Compensation and Regional Executive Compensation Roundtables. Blair participates in broader governance dialogue at the steering committee of the U.S. 30% Club and Harvard Law School Corporate Governance Roundtables.

Blair began her career at Bain & Company. Prior to joining Semler Brossy, Blair was Practice Leader in Leadership Performance and Rewards at Sibson Consulting. Blair holds a B.A. from Williams College in chemistry, with highest honors


April Hall

Managing Editor, Directors & Boards

April Hall is digital director for MLR Media and managing editor of Directors & Boards and Private Company Director. She is an award-winning journalist with more than 20 years of experience with daily newspapers, magazines and radio.



  • No cost to attend.
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback.
  • Unbiased third-party director education.
  • 60 minutes -- maximum value for time.



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