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.
Christine Oberholzer Skizas, a Pay Governance Managing Partner based in Chicago, has been consulting with clients across industries for nearly twenty years. Her areas of expertise include compensation strategy, short- and long-term incentive design, including traditional and alternative delivery vehicles, and transaction-related engagements.
Christine has had the opportunity to consult with a diverse group of clients across industries, including: energy services, financial services, manufacturing, rail, real estate, retail, and technology.
Prior to joining Pay Governance as a Partner, Christine served as the Group Leader of Towers Watson's Chicago Executive Compensation practice, managing the Chicago team of consultants while also serving as an advisor to Boards and Compensation Committees of public and private entities.
Prior to joining Towers Perrin, Christine managed the compensation consulting practice of a boutique national real estate advisory firm. Christine's professional career began in Arthur Andersen's Business Consulting division as a member of the Financial Services Industry practice, assisting some of the largest financial institutions in the country with the assessment, design and implementation of various operational strategies ranging from consumer lending to customer care.
Christine received a B.B.A degree in Finance and Business Economics with a concentration in International Business from The University of Notre Dame.
The gender pay gap is receiving increasing levels of attention. While a few companies have been able to report the elimination of any gender pay gap, general industry statistics indicate the presence of a gender pay gap of 75.9¢ to 94.6¢ earned by women per each dollar earned by men (depending on adjustments for age, education, experience, etc.) Continue reading →
Since advisory Say on Pay (“SOP”) votes became effective in 2011, ISS and Glass Lewis have exerted significant influence over the vote outcomes for these proposals. These advisors use quantitative tests to assess CEO Pay for Performance (“P4P”) alignment and supplement those quantitative assessments with a qualitative review of pay practices/program design. Continue reading →
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. Continue reading →
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. Continue reading →
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.
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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.
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.