Designing Long-Term Incentive Plans in Joint Ventures
As published in The Joint Venture Exchange in April 2011 The CEO of a relatively new JV (Joint Venture) was struggling with his long-term incentive program (LTIP). His problem? The JV didn’t have one –...
View ArticleGovernance in 2011: The Highs & Lows
Paul McConnell of Board Advisory was quoted in this week’s Agenda newsletter on corporate governance in 2011. Original Article By: Amanda Gerut (January 3, 2012) Last year’s hot corporate governance...
View ArticleSay on Pay – McConnell interviewed by Marketplace Morning Report
“Citigroup investors push back on exec pay packages” Board Advisory’s own Paul McConnell, Managing Director, was interviewed by Marketplace Morning Report on April 18, 2012. For Full Story &...
View ArticleCompensation Advisor Independence
The SEC recently published new rules on Compensation Committee Independence and Outside Advisers (17 CFR Parts 229 and 240), including specific factors to be used by the national exchanges in...
View Article“Follow That Bandwagon”
Director compensation continues to evolve. We have seen director pension arrangements arrive and depart (1980s), stock options have had their time in the spotlight (1990s through the mid-2000s), and...
View ArticleThe Risks of Accelerating 2012 Bonus Payments
With continuing uncertainty regarding the nation’s finances fueled by current election banter, executives are faced with the temptation to accelerate payments into 2012 to avoid increasing income tax...
View ArticleThe October Board Break – Great Books We Have Recently Read
The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg Duhigg divides the book into three sections: The Habits of Individuals, The Habits of Successful Organizations, and...
View Article(Lame) Duck Season for the SEC: Keeping Dodd-Frank in Perspective
As the election approaches and candidates swap jibes at each other, we’re curious to see how the results affect executive compensation regulations. Up to now, the SEC has been sluggish—to the point of...
View Article“PAVE” the Way to Transition Success
We’ve been involved in Transition Coaching more than ever before because of the importance rightfully being placed on improving the assimilation of new leaders into organizations. In recent years, the...
View ArticleFacebook’s Multi-Billion Dollar Tax Break
There has been a lot written recently about Facebook’s multi-billion dollar tax break from the tax deduction for the cost of executive stock options and share awards. Stock awards such as these are...
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Reconciling US Tax Policy on Executive Equity with the Public Interest
There is substantial agreement between academics, policy makers and behavioral experts that executive ownership of company shares, particularly when those shares are held for an entire career (e.g.,...
View ArticleSEC Guidance on Post-SOX Executive Loans
Last week (March 20th, 2013) Baker & Hostetler, LLP[1] received guidance from the SEC regarding the use of arms-length loans within an executive stock-purchase-and-loan plan (SPLP) for a client...
View ArticleHelp for a Broken System
Originally published at Board Member magazine 2013 Q2. Somewhere along the way, executive compensation veered off the road. It became too complex, isolated from true performance and downside risk, and...
View ArticleAre Relative TSR Plans “The Answer”?
Originally published at Board Member magazine 2013 Q1. There has been a great deal of recent interest in performance share plans that use Total Shareholder Return (TSR) relative to a peer group as a...
View ArticleWhere We Veered Off the Road
Originally published at Board Member magazine 2013 Q3. In our last article, we noted that somewhere along the way, executive compensation veered off the road. It became too complex, isolated from true...
View ArticleSee the Forest and the Trees
For executive compensation, achievement of corporate strategy is the destination; pay levels, pay programs, and metrics provide the route. As inevitably as the Cubs missing the playoffs, the end of the...
View Article2014 Trends in Executive Compensation and Governance
The following represents our assessment of executive pay, governance and how these factors impact the role of the board member in 2014. Our Environment in 2013 Pay. In 2013 the S&P 500 total...
View ArticleAre You Paying for Performance or Just Paying for Results?
Paying for performance is assumed to be the objective of most pay plans. A quick read of a handful of proxy statements will likely find the phrase prominently used. The Dodd-Frank act expressly...
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CEO Pay Ratio Disclosure
Matt Ward’s comments are excerpted from a Mini-Roundtable on CEO Pay Ratio Disclosure published in the April-June 2014 issue of Risk & Compliance Magazine. RC: What are the key issues and...
View ArticleBoard Advisory in the News
“The key question for the board is, ‘do we need that much management in what is today a much smaller and simpler company?”‘ said Paul McConnell, managing director at executive compensation firm Board...
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