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.
Steve Pakela is a Managing Partner at Pay Governance. He advises clients in areas such as compensation strategy development, incentive plan design (both short- and long-term), executive severance and all forms of competitive compensation review. He also advises on director compensation and corporate governance issues. Steve has extensive experience functioning as an advisor to client Compensation Committees. He works with a broad range of companies that represent such industries as manufacturing, mining, financial services, consumer products, technology, higher education and healthcare.
Steve was a former Principal and leader of the executive compensation practice at Towers Perrin's Pittsburgh office where he practiced for 13 years. Before joining Towers Watson, Steve's experience was focused on finance and accounting, working as an auditor with a global accounting firm and working for a major financial institution specializing in both internal and external financial reporting.
Steve is a Certified Public Accountant and a member of both the American and Pennsylvania Institutes of Certified Public Accountants. He has spoken frequently for various organizations on topics pertaining to executive compensation.
Steve is a graduate of Westminster College with a B.A. in Business Administration, concentrating in Accounting.
Relative TSR is a performance metric most often used in LTI performance plans. Its use as a metric has nearly doubled over the past 5 years and is now used by approximately 50% of companies spanning all sizes and industries. While the appeal of this metric for shareholders and directors alike is its alignment with shareholder value creation and the absence of having to establish long-term performance goals, there are other nuances and considerations that can make the administration of these plans much more complex than other types of arrangements. 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.
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.
“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.