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.
Jon Weinstein is a Managing Partner in Pay Governance’s Philadelphia Office. Jon has over 20 years of experience in advising Compensation Committees and senior management teams at Fortune 500 and other multinational organizations in the development of effective, creative and pragmatic executive incentive pay systems and arrangements. Jon has been involved in a wide range of projects to align companies’ executive reward programs with their business strategies and has a particular focus on corporate governance and long-term incentive plan design. Jon has also served on Pay Governance’s Leadership Committee.
Before joining Pay Governance, Jon was the Executive Compensation Business Leader for Towers Watson's East Division responsible for approximately 100 global executive compensation practitioners. Prior to its merger with Watson Wyatt, Jon served on Towers Perrin's Audit Committee of the Board of Directors for several years. Prior to joining Towers, Jon served as Chief of Staff to Philadelphia City Councilman W. Thacher Longstreth.
Jon has been a guest speaker on compensation issues to governance and industry groups, such as the National Association of Corporate Directors, the Bar Association, and WorldatWork. Jon has also lectured at Cornell University, the McCombs Business School of the University of Texas, and the Wharton School of the University of Pennsylvania.
Jon graduated from the University of Pennsylvania with an honors major in English and a concentration in Economics. He graduated summa cum laude and was elected Phi Beta Kappa. He received an M.B.A. from the Wharton School of the University of Pennsylvania, where he made Director's list.
Last month, Institutional Shareholder Services (ISS) released its 2018 voting policy updates for companies that have shareholder meetings on or after February 1, 2018. More recently, ISS revised its “Pay-for-Performance Mechanics” white paper, providing additional details on its 2018 policy changes, and updated its Frequently Asked Questions documents for both U.S. Compensation Policies and U.S. Compensation Plans. As many companies prepare for the upcoming proxy season, we are providing insight and additional guidance in navigating the latest ISS policy developments. Continue reading →
Spring is in the air, and executive compensation consultants are busy reading a cascade of public filings and proxy advisor reports as we analyze and are asked to predict trends in executive pay in 2017 and beyond. One of the most common questions in executive compensation this year concerns what will become of the Dodd-Frank mandated CEO pay ratio set to be disclosed publicly for most companies beginning with proxies filed in 2018 – if not delayed or overturned beforehand. Earlier this year, acting Securities and Exchange Commission (SEC) Chair Michael Piwowar took the unusual step of requesting additional comments on the cost and burden of complying with the already approved CEO pay ratio rule, which would require companies to disclose the ratio of CEO pay to that of the median employee. Continue reading →
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 … Continue reading →
Yesterday’s (April 12, 2016) Equal Pay Day produced an extraordinary volume of discourse and disclosure on a vitally important topic – and one that is surfacing more frequently at the Compensation Committee level. Continue reading →
Sustainable investing – defined as an investment approach that considers environmental, social, and governance (ESG) factors in the selection and management of investments – has seen significant growth in assets under management in the past several years. In the United States, an estimated 11% of total assets under management are now invested based on sustainable investment strategies. Similarly, shareholder proposals relating to environmental or social issues represented one-third of all shareholder proposals in 2014, representing an increase of nearly 40% since 2009. Some proposals are receiving shareholder support at or above 30%, generally driven by “for” vote recommendations from ISS. We find that ISS favors proposals that seek additional environmental or social reporting versus proposals that seek operational changes or restrictions. This finding contrasts with ISS’s say-on-pay vote recommendation policies, which often seek changes to executive compensation designs. Continue reading →
In the three years that U.S. public companies have held non-binding Say on Pay (SOP) votes under the Dodd Frank Act, compensation committees, compensation advisors, and financial regulators have seen the clout of Institutional Shareholder Services (ISS) increase dramatically in the executive compensation arena. Continue reading →
Please click the attached newsletter to see an opinion survey that we developed along with the NYSE. We had more than 300 responses to this survey. For more information, please contact us by clicking here.
The third Say on Pay season is underway and Institutional Shareholder Services (ISS) is continuing to exert its considerable influence on investors through its voting recommendations. 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.