Pay Governance LLC is an independent firm that serves as a trusted advisor on executive compensation matters. Our work helps to ensure that our clients' executive rewards programs are strongly aligned with performance and supportive of appropriate corporate governance practices.
With the introduction of say-on-pay (SOP) in 2011 and the increased clout of proxy advisory firms on executive compensation program designs, the performance share unit (PSU) has become a common feature of executive long-term incentive (LTI) programs among U.S. public companies. Read More
Many companies remain stressed that the Trump administration has yet to provide regulatory relief from the CEO pay ratio rules of the Dodd/Frank financial reform legislation which will be in effect for reporting in the 2018 proxy season. However, the business community has just been granted relief from an onerous and burdensome compensation reporting requirement that is different than the CEO pay ratio rules. This latter proposed reporting requirement has been a carry-over from the Obama administration. Read More
Over the past 20 years, there has been a major shift in how large public companies have compensated their outside Directors.1 These changes have included the elimination of Board meeting fees, granting of equity compensation in the form of full-value shares, the elimination of Director retirement plans and other perquisites, adoption of stock ownership guidelines for Directors, and giving of supplemental cash retainers to Committee Chairs in recognition of their substantial time commitments to committee work. Read More
The past 5 years have seen a significant number of companies spinning off one or more businesses into separate, free-standing companies. S&P’s Capital IQ reports a total of 86 full or partial spin-offs that began trading on a major U.S. exchange from mid-2011 through mid-2016 — an average of 17 per year. Read More
Maggie Choi is a Consultant in the San Francisco/Silicon Valley office of Pay Governance. She has over 10 years of consulting experience and has deep expertise directing a variety of projects, including: executive and outside director compensation assessments, short- and long-term incentive plan design, shareholder value transfer/dilution analyses, pay-for-performance and internal equity modeling, and severance/change-in-control liability calculations. Additionally, Maggie consults on a variety of corporate governance issues and is actively involved in tracking regulatory developments and analyzing the voting practices of key proxy advisors. Maggie’s clients include U.S. and global public, private, and pre-IPO companies across the retail, high-technology, and financial services industries.
Prior to joining Pay Governance, Maggie worked in the Executive Compensation & Total Rewards practice at Willis Towers Watson for two and a half years. Prior to that, Maggie was a consultant in the Transfer Pricing and Valuations department at PricewaterhouseCoopers LLC for two years.
Maggie graduated from the University of California, Berkeley with a B.A. in Economics and also completed extensive coursework in the areas of Finance, Organizational Behavior, and Strategic Planning and Implementation.
A new Equilar report featuring commentary from Pay Governance and Donnelley Financial Solutions analyzes the compensation discussion and analysis (CD&A) section of S&P 100 proxy statements over the last five years. With the average CD&A reaching nearly 10,000 words, the report revealed key strategies in how companies design and communicate pay practices by using alternative pay graphs, checklists and other visualizations that help draw investors to the most important information.
To be redirected to Equilar and download a copy of this important report, click here.
October 4, 2016
Pay Governance Adds New West Coast Partner
Matt Quarles has joined the firm as a Partner. In this role, Quarles is responsible for working with clients across industries on a wide range of executive compensation issues. He will be based in Los Angeles and has nearly 20 years experience in the executive compensation consulting industry.
To be redirected to Matt's bio, click here.
Pay Energy®, a new proprietary assessment tool developed by Pay Governance LLC, helps companies consider the “drive, discipline and speed” inherent in current programs and in alternative designs that may be evaluated.
“The fundamental philosophy of executive compensation is to ‘attract, retain and motivate’ a talented management team. So it’s concerning when you hear incentive awards are just put in desk drawers until plans mature,” said Pay Governance managing partner John England.
Click here to read the article.
