Executive Compensation Peer Exchange SIG in San Francisco
Tuesday, February 27, 2018
Tuesday, February 27, 2018
PEER TO PEER FACILIATED SPECIAL INTEREST GROUPS (SIG)
Interested in quarterly small group NACD peer to peer interaction?
Background about the SIG sessions to date
Cybersecurity SIGs in both San Francisco and Silicon Valley: PWC as moderator
These discussions have included topics like what questions boards are hopefully asking about Cybersecurity, the creation of Cybersecurity sub committees, creating a governance model that involves all the appropriate parties and considerations for cyber insurance.
Executive Compensation SIG in San Francisco: Korn Ferry Hay Group as moderator
We focused on topics of interest to our participants as well as trends identified by the moderator. Items discussed included recent Institutional Shareholder Services (ISS) developments, participation levels in long-term incentive (LTI) plans and market trends for relative total shareholder return (TSR) plans. In the most recent meeting the group discussed change-in-control triggers for executive compensation arrangements and incentive design trends. In addition to market insights provided by the moderator, participants benefited from the perspectives of their colleagues who are currently addressing many of the issues discussed or have addressed them in the recent past.
Executive Compensation SIG in Silicon Valley: CamberView and Semler Brossey as moderators
We have had robust discussion of trends in executive compensation. We discussed key highlights from last year’s proxy season and how the landscape might shift going forward. Topics included analysis of the potential impact of the CEO Pay Ratio requirements, institutional investor preferences and engagement, and performance measurement and goal setting.
Audit SIG in San Mateo: Protiviti as moderator
Members started by voting on the key topics to include on future agendas in order to see what was top of mind for the audit committee members. One of our main focuses to date was related to how their companies were meeting the new ASC 606 revenue compliance requirements. Members shared how they were interacting with management, their external audit firms, and any outside consultants. Concerns were raised about the wide variety of “guidance” they were receiving from their auditors. This also raised the topic of Audit Committee engagement with the audit firm and how that can be improved.
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