When we conducted a three year (2019 – 2022) pay and performance comparison of the top ~2,000 public companies (by market cap), we found CEO pay that was too far removed from the other named executive officers (NEOs) resulted in an inefficient relationship between the amount of compensation delivered and shareholder return generated. Specifically, companies […]
Solving the Incentive Compensation Challenges in Executive Retirements In collaboration with WorldAtWork’s Workspan Magazine, Zayla’s CEO (Chris Crawford) and Managing Partner (Ian Keas) wrote this article regarding executive retiree compensation. What used to be golden handshakes for retiring executives, along with the retirement parties and going-away gifts – have increasingly become executive and board wrestling […]
An Update on Executive Compensation Clawbacks Back in October 2022, the SEC adopted final rules detailing listing standards for “Recovery of Erroneously Awarded Compensation” – or more commonly known as “clawbacks.” The rules, implemented 12 years after the passing of Dodd Frank, are summarized for reference. In an interesting turn of events, the SEC, after […]
It was a great year!
SEC’s Pay Versus Performance – 2023 Early Impressions As we head into March and the start of proxy season, the SEC’s newly required Pay Versus Performance disclosures are front of mind for many that deal with compensation and corporate governance. The Commission just recently released some *timely* clarifications on their rules, called Compliance & Disclosure […]
North American ‘Enthusiasm Gap’ About ESG’s According to an Oxford and Protiviti survey conducted over the second quarter, North American business leaders lag leaders from other countries in their views on the importance of ESG (Environment, Social, Governance) on business success over the next decade. While recent assessments of ESG in executive pay have found a range of practices […]
SEC Compensation Clawback Rules It took 12 years post Dodd Frank and a 3-2 political party divided vote, but the SEC has finally adopted new clawback rules. Here is an early summary, and for those that love the details, see the full release below. Full Rules Release Summary: Recovery of Erroneous and Excessive Executive Compensation […]