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.
Chris Carstens is a Partner in the New York office of Pay Governance with over 27 years of experience in executive compensation consulting. During his career, Chris has advised Compensation Committees and company management on a broad range of executive compensation matters, including compensation strategy, incentive plan design, competitive compensation analysis, compensation disclosure and communication, employment agreements, and outside director compensation. His experience spans a variety of industries, including media and information, aerospace and defense, consumer lending, retail, and insurance.
Before joining Pay Governance, Chris was a senior consultant at Towers Watson and a Principal in the predecessor firm Towers Perrin. In addition to his consulting activities at Towers Perrin, Chris served for six years as Managing Principal of the firm's Global Databases unit, which provides compensation and benefits data through a network of offices around the world. The first nine years of his professional career were spent in advertising account management with Grey Advertising and Doyle Dane Bernbach Advertising in New York.
Chris has a B.A. in English from Dartmouth College and an M.B.A. in Finance from Columbia Business School.
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. Continue reading →
Driven by volatile stock markets, stock option expensing, and shareholder advisory firm mischaracterization of stock options as non-performance-based compensation, many companies have significantly shifted away from stock options toward service-based restricted stock and/or long-term performance plans such as performance shares, performance share units, or performance cash units. 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.
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.