Current Pay Governance Viewpoints
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IRS Releases Additional Section 409A Regulations Concerning Executive Compensation
By John R. EllermanSection 409A was added to the Internal Revenue Code (IRC or “Code”) as part of the American Jobs Creation Act legislated in 2004. Essentially, Section 409A sets forth certain requirements for the effective deferral of compensation under nonqualified deferred compensation arrangements. Much of the impetus for Section 409A was the ability of certain executives to accelerate the payment of their supplemental retirement arrangements and deferred compensation at Enron immediately prior to the company’s demise. Read More
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Continue Paying Executives for Performance: A Rebuttal to the HBR Article “Stop Paying Executives for Performance”
By Ira T. Kay and Lane T. RingleeThe Harvard Business Review [HBR] recently published an article, “Stop Paying Executives for Performance,” by Professor Dan Cable and Associate Professor Freek Vermeulen of the London Business School. The authors present arguments and analysis that incentives do not motivate executives to improve corporate performance. In fact, they argue that incentives might damage performance. Read More
Team Member Highlight
- Julia Kennedy Consultant | Kansas City
- View Articles by Julia Kennedy
Expertise
Julia Kennedy is a consultant in the Kansas City office of Pay Governance. Julia has experience in various aspects of executive compensation, including peer group development and validation, research and analysis of compensation practices and trends, competitive pay assessments for executives and non-employee directors, pay-for-performance assessments, and short- and long-term incentive plan design. She also has extensive experience conducting equity incentive valuations for accounting purposes. Julia has worked with clients in a variety of industries including energy, financial services, manufacturing, retail, and technology.
Previous Experience
Prior to joining Pay Governance, Julia had seven years of consulting experience in the executive compensation and retirement practices at Towers Watson and Mercer.
Education
Julia graduated from Southern Methodist University with degrees in Mathematics and Operations Research and received her M.B.A. with a concentration in financial services from the University of Dallas.
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Press Release
August 8, 2016
Pay Governance Research Finds Strong CEO Pay-For-Performance Alignment
Analysis from executive compensation consulting firm Pay Governance (www.PayGovernance.com) finds that compensation realizable by S&P 500 CEOs is aligned with company shareholder returns over the same time period. These findings directly rebut recent research featured in the July 25 Wall Street Journal article, “Best-Paid CEOs Run Some of Worst-Performing Companies.”
To read the full press release, click here.
2016 NACD Directorship 100 Gala
David Fitt and Ira Kay have been selected for inclusion in the 2016 NACD Directorship 100, which each year recognizes the most influential leaders in corporate governance.
Corporate Governance Advisor
The Corporate Governance Advisor's July/August 2016 issue features our Viewpoint, "Gender Pay Equity In Focus", by Jon Weinstein and Ashley Meischeid.
This year's Equal Pay Day (April 12, 2016) produced an extraordinary volume of discourse and disclosure on a vitally important topic--and on that is surfacing more frequently at the compensation committee level.
To read this important article,
click here.-
Pay Energy©, a new proprietary assessment tool developed by Pay Governance
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. -
Prognosticators of Pay forum featuring Lane Ringlee, Managing Partner at Pay Governance
Click here to be re-directed to NACD’s YouTube channel.