Although all aspects of diversity are meaningful topics, this article is solely focused on gender diversity. Currently, females represent approximately 15% of outside board member seats in the S&P 1500 and about 18% of the S&P 500 seats. This equates to a median of 1-2 female board members in a group of 9-11 board members. Read More
Current Pay Governance Viewpoints
Diane Lerner and Christine Oberholzer Skizas
John R. Ellerman, Bentham W. Stradley and Lane T. Ringlee
Following the recent release of new rules and regulations regarding the proposed pay for performance disclosure requirement imposed on public companies by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), the Securities and Exchange Commission (SEC) has just released rules to add Section 10D to the Securities Exchange Act regarding executive officer clawbacks of incentive compensation. Read More
Does the SEC's New "Compensation Actually Paid" ("CAP") Help Shareholders Accurately Assess Pay-For-Performance?By Ira T. Kay and Blaine Martin
On April 29, 2015, the SEC released proposed rules on public company pay-for-performance disclosure mandated under the Dodd-Frank Act. Pay Governance has analyzed the proposed rules and the implications for our clients’ proxy disclosures and pay-for-performance explanations to investors. We are concerned about the validity of describing a company’s pay-for-performance alignment using the disclosure mandated under the SEC’s proposed rules, and its implications for Say on Pay votes. Read More
John R. Ellerman, Lane T. Ringlee and Maggie Choi
Many large U.S. based multinational banking and financial services corporations have implemented executive compensation clawback policies that require the cancellation and forfeiture of unvested deferred cash awards or performance share unit awards. These policies typically condition the cancellation of deferred compensation if it is determined that an executive engaged in misconduct, including failure to supervise or monitor individuals engaging in inappropriate behaviors that caused harm to the organization’s operations. Read More
Team Member Highlight
- Keith Jesson Consultant | Philadelphia
- View Articles by Keith Jesson
Keith Jesson is a Consultant in the Philadelphia office. He assists clients in a variety of executive compensation areas including competitive compensation assessments, annual and long-term incentive plan design, and severance and change in control analyses. Additionally, Keith has significant experience in executive retirement plan design across industries. Keith has worked with many diverse clients in the energy, financial services, utility, retail, and consumer products industries.
Prior to joining Pay Governance, Keith worked for thirteen years as both a retirement and executive compensation consultant at Towers Watson.
Keith holds a Bachelor of Science degree in Actuarial Sciences from Temple University. Keith is a Fellow in the Society of Actuaries.