The REIT structure was created in 1960 when President Eisenhower signed into law the REIT Tax Act. A wave of REIT formations and initial public offerings (IPOs) followed. Another wave of IPOs occurred in the 1990s. Historically, REITs tended to have relatively high insider ownership – founded by individuals, families or partners and, in some cases, eventually taken public. Read More
Current Pay Governance Viewpoints
Christine Oberholzer Skizas, Jeffrey W. Joyce, Linda Pappas and Steve DeMaria
SEC Issues Proposed Rules Regarding Disclosure of Hedging Rules; ISS and Glass Lewis Release New Documents Regarding Executive Pay PoliciesBy John R. Ellerman and Linda Pappas
The Securities and Exchange Commission (SEC) has just released its proposed rules regarding the requirement for companies to report as to whether employees and non-employee directors are allowed to hedge or offset the decrease in market value of equity securities. Proxy advisory firm Institutional Shareholder Services (ISS) has just released a new document explaining the firm’s latest policies with respect to executive compensation, including its say on pay advisory voting services. Another proxy advisory firm, Glass, Lewis & Co. LLC (Glass Lewis), has implemented changes to its pay for performance and equity plan models. Read More
John R. Ellerman
Proxy advisory firm Glass, Lewis & Co. LLC (“Glass Lewis”) has just published a new 45 page report which provides an overview to the Glass Lewis approach to advising its institutional investor clients regarding proxy matters. For the 2015 proxy season, Glass Lewis has noted six policy changes which are highlighted in the report. In order to keep our clients abreast of these changes in Glass Lewis policy, Pay Governance has summarized these policy changes Read More
Aubrey E. Bout, Brian Johnson and Steve DeMaria
As companies approach the upcoming proxy season, Say on Pay (SOP) once again becomes top of mind for Compensation Committees and corporate management. Over the past 4 years since SOP proposals became mandatory under Dodd-Frank, shareholders have continued to show overwhelming support for executive pay packages despite continued criticism by media and other outlets. Read More
Team Member Highlight
- Lindsay McFadden Consultant | Dallas
- View Articles by Lindsay McFadden
Lindsay McFadden is a Consultant in Dallas office of Pay Governance. She has played critical project management and supporting roles in major executive compensation projects. Lindsay is a key contributor for client engagements focused on assessing the competitiveness of compensation programs. Her recent work has focused on peer group determination, compensation analysis and competitive market pricing, short- and long-term incentive plan design, and equity incentive valuations. She also works with clients on a variety of corporate governance issues including modeling equity plan approvals using ISS's Compass Model. Lindsay is an ISS Corporate Services Certified Compass Partner.
Prior to joining Pay Governance, Lindsay worked at Towers Watson and Mercer where she had five years of experience in Executive Compensation and three years of experience in Retirement as an Actuarial Analyst.
Lindsay graduated from Austin College with a degree in Mathematics and Business and received her M.B.A. with concentration in finance from the Edwin L. Cox School of Business at Southern Methodist University.