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.
ClearBridge Compensation Group is an independent consulting firm providing advice to boards of directors and senior management on the design of effective executive compensation programs with a focus on shareholder alignment, linkage with business strategy, and adherence to strong governance standards.
Our consultants have extensive experience and expertise in executive compensation program design. Our work spans across industries for both publicly-traded and privately-held companies.
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.
Joshua (Josh) Bright is a Principal at Pay Governance and has been consulting to compensation committees and senior management at public and private companies regarding compensation philosophy, CD&A development, pay competitiveness, short- and long-term incentive plan design and non-employee director compensation for 14 years.
Josh’s clients range from start-ups to S&P 500 companies and span a variety of industries, including: automotive, financial services, hospitality, industrial manufacturing, real estate (focus on lodging) and retail.
Prior to joining Pay Governance, Josh was a Senior Executive Compensation Consultant at Towers Perrin/Watson (now Willis Towers Watson). Prior to his career in executive compensation consulting, Josh worked in the wealth management division of a global financial services company and held his Series 31, 66 and 7 securities licenses. Josh holds a Bachelor of Business Administration in Finance from Western Michigan University
Arnaldo Ulaj is a Principal at ClearBridge Compensation Group with over seven years of experience in executive compensation strategy and design.
Mr. Ulaj advises clients across numerous industries in support of business priorities and the creation of long-term shareholder value. Mr. Ulaj’s technical knowledge and expertise includes evaluating pay-for-performance relationships, compensation benchmarking and incentive plan design.
Prior to working at ClearBridge, Mr. Ulaj worked at FW Cook and prior to that worked at Merrill Lynch Wealth Management. Mr. Ulaj holds a B.S. in Finance from the Gabelli School of Business at Fordham University.