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.
We assist in developing an overall framework and governing philosophy, which describes the company’s approach to all aspects of pay. We utilize decision-quality data to assist compensation committees in making fully informed decisions.
We evaluate incentive and other executive program designs to:
- Ensure that plans meet the company’s philosophy
- Support corporate strategy and organization
- Ensure performance measures are appropriate and consistent with the company’s value creation objectives
- Improve “line of sight”
- Align executive interests with those of shareholders
- Be tax, accounting, and dilution efficient
- Align pay and performance
We keep compensation committees informed and educated on emerging trends and key developments in executive compensation
We perform periodic reviews of executive arrangements, benefits and perquisites from both a “how” and “how much” perspective.
We work with compensation committees to ensure compliance with relevant regulations and best practices.
Compensation Advisory Partners, LLC (CAP) is an independent executive compensation consulting firm with offices in Houston, Tulsa and headquartered in New York City. Supported by rigorous analytics, we work with boards of directors and management teams to develop innovative and practical solutions that advance company objectives.
Our advice is grounded in extensive real-time experience and aligns with strong corporate governance standards. Our client experience ranges from some of the largest Fortune 100 multi-nationals to smaller start-ups. Our clients benefit from the collective intelligence and practical experience of our consultants to provide superior market insight.
After working together for many years at other large consulting firms, our partners saw the need to create a new firm positioned to provide strictly independent executive compensation consulting advice. CAP was founded in 2009 to deliver this important service with excellence.
He specializes in the analysis, design and implementation of executive pay programs that drive shareholder value. Pat consults with publicly-traded, privately-owned and pre-IPO companies in a wide spectrum of industries regarding executive and non-employee director pay programs. His work includes pay level benchmarking (both U.S. and international positions), annual and long-term incentive plan design, and special situations.
Pat has worked with numerous Fortune 500 and other prominent companies, with a particular focus on healthcare companies.
Pat has been published in leading journals and newspapers, including the Directors & Boards, Agenda, and Financier Worldwide. Recently, he has written articles entitled “Activist Shareholders and Executive Compensation”, “Do companies known for innovation use incentive metrics that measure innovation?” and “2016 Compensation Trends in U.S.”
Prior to joining Pay Governance, Pat was a senior consultant in Towers Watson's executive compensation practice.
Pat earned a Master of Science degree in economics at the University of South Carolina and an MBA with a concentration in human resources at Georgia State University.
Chris Earnest is a partner of Compensation Advisory Partners, LLC (CAP) in Houston. He has over 13 years of experience consulting with compensation committees and management teams. Chris consults in all areas of executive compensation ranging from short and long-term incentive program design to performance measurement, target setting and regulatory/compliance related issues. He also advises on director compensation programs.
Chris began his career as an attorney in Houston where he practiced law before transitioning to consulting. Prior to joining CAP, he was a Managing Director at Pearl Meyer. Chris holds a BS in Law & Society with a minor in Business Administration from the University of Tulsa. He also holds a JD and an MBA from the University of Tulsa.
Stephen F. O’Byrne is President and co-founder of Shareholder Value Advisors Inc., a consulting firm that helps companies increase shareholder value through better performance measurement, incentive compensation and valuation analysis. His work on measuring the strength and cost-efficiency of top management incentives has been published in the Harvard Business Review, the Journal of Investing, Conference Board Director Notes, the Journal of Applied Corporate Finance and the WorldatWork Journal. He is the co-author, with Professor David Young of INSEAD, of EVA and Value-Based Management. He was previously head of the compensation consulting practice at Stern Stewart & Co. and a Principal in the executive compensation practice at Towers Perrin.