The SEC’s Final Pay Ratio Rules: What You Need to Know in 2016
The Securities and Exchange Commission (SEC) adopted the final pay ratio disclosure rules last August 2015. The rules implement the provisions of the Dodd-Frank Act that necessitates U.S. public companies’ to disclosure of the ratio of their CEO's compensation to that of their median employee. The final rules are aligned with the SEC's original proposal dating back to 2013 and the recent amendments are intended to help eradicate future risks and compliance costs.
In a two-hour LIVE Webcast, a panel of thought leaders and professionals assembled by The Knowledge Group will provide an in-depth discussion of the fundamentals as well as recent developments of the SEC’s Final Pay Ratio Rules. Speakers will provide their expert thoughts and opinions on how to best comply with the requirements of the final rules.
Key topics include:
- SEC’s Final Pay Ratio Rules
- Disclosure Required by Section 953(b) of Dodd-Frank
- Purpose of the Pay Ratio Disclosure
- Disclosure of the Pay Ratio
- Scope and Limitation
- Legal Risks and Challenges
Lawrence I. Witdorchic, Partner
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Kelly Malafis, Founding Partner
Compensation Advisory Partners, LLC
- Given the flexibility in certain aspects of the final pay ratio rules, companies should assess which methodological approach for determining the ratio makes the most sense for their business
- The lead time before actual implementation can be used to think about how to position the disclosure of the CEO pay ratio to address the potential concerns of external constituencies such as individual and institutional shareholders, proxy advisory firms and the media. This includes putting context around the nature of the industry, the business model and make-up of the work force (e.g., seasonal, international, etc.) as well the company’s compensation philosophy and structure of executive compensation plans
- The supplemental narrative should also consider the implications of the disclosure for employees and potential comparison of their pay to the compensation of the median employee
Who Should Attend:
- Attorneys General
- Corporate Lawyers
- Legal Counsel
- Top Level Management
- Executives and Directors
- Private and Public Companies
- Multinational Companies
- Other related/interested Professionals and Organizations
Lawrence (Larry) Witdorchic is a partner in the Employee Benefits and Executive Compensation Group. In each of the 2011 — 2015 editions of Chambers USA and The Legal 500, Larry was named as a leading individual for New York Employee Benefits & Executive Compensation.
Larry advises a wide variety of clients in transactional matters, including private equity funds and publicly-held corporations, with respect to the executive compensation and employee benefits features of mergers, takeovers, other acquisitions, dispositions and initial public offerings. Larry’s practice includes the structuring and design of equity compensation arrangements, including stock options, stock appreciation rights, restricted stock, phantom stock, performance shares and LLC/partnership interests (including profits interests), and all facets of nonqualified deferred compensation plans and arrangements, including tax and accounting consequences.
Lawrence (Larry) Witdorchic is a partner in the Employee Benefits and Executive Compensation Group. In each of the 2011 — …
Kelly Malafis is a founding Partner with Compensation Advisory Partners in New York. She has over 15 years of executive compensation consulting experience working with compensation committees and senior management teams on all areas of executive and board of director compensation. Kelly has work with public and private companies across multiple industries, including financial services, pharmaceutical, and insurance. Kelly’s areas of focus include compensation strategy development, evaluating the pay and performance relationship for senior executives, annual and long-term incentive plan design, compensation program governance and board of director compensation. She is a frequent speaker on executive compensation topics and has written articles for several publications, including Directors & Boards, Executive Counsel, and World@Work’s workspan.
Kelly Malafis is a founding Partner with Compensation Advisory Partners in New York. She has over 15 years of executive …
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About Paul, Weiss, Rifkind, Wharton & Garrison LLP
Paul, Weiss is a firm of more than 900 lawyers with diverse backgrounds, personalities, ideas and interests who collaboratively provide innovative solutions to our clients' most critical and complex legal and business challenges. We represent some of the largest publicly and privately held corporations and investors in the world as well as clients in need of pro bono assistance.
About Compensation Advisory Partners, LLC
Compensation Advisory Partners, LLC, an independent executive compensation consulting firm provides a full range of assistance with all executive compensation needs. We work with boards of directors and management teams to develop effective compensation programs, aligned with strong corporate governance standards. Our seven partners combined have extensive experience consulting to Boards of Directors and management on the full range of executive compensation issues. Our client experience ranges from some of the largest Fortune 100 multi-nationals to smaller start-ups. Prior to forming Compensation Advisory Partners, our partners worked together in Mercer’s Human Capital consulting practice. We saw the need for a New Resource for Independent Compensation Advice and founded CAP in 2009.