Significant Changes to Executive Compensation in 2011
Overview:
The SEC has proposed significant changes to the executive compensation provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). Companies and finance executives should have a complete understanding of how these changes may impact their businesses and/or clients.
The Knowledge Group has assembled a panel of key thought leaders and regulators to help finance executives and others who are interested in the topic understand all the important issues with respect to this important subject. This live webcast is a must attend for all finance executives, directors, brokers and others who are involved in executive compensation programs who need to be in the know with respect to this ever changing area.
Some of the key areas addressed in this webcast
- Clawback of compensation paid to executives
- Compensation committee independence
- Broker discretionary voting on executive compensation matters
- Pay versus performance disclosure
- Disclosure regarding compensation of the CEO relative to median employee compensation
- Up to the minute regulatory update
Agenda:
J. Henry Oehmann III CCP, CBP, CEBS, SPHR, Director-National Executive Compensation Services,
Grant Thornton, LLP
This presentation will focus on recent changes in executive and incentive compensation that are relevant to financial institutions as well as general industry. A key portion of the presentation will focus on final guidance on Sound Incentive Compensation Policies and the proposed regulatory changes under Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act including the following:
Additional material will be presented to update the status of the other executive compensation and corporate governance provisions of the Dodd-Frank Act: including the following:
The presentation will summarize key action points for incentive and executive pay arrangements for public and private companies including:
Brigen L. Winters, Principal
Groom Law Group
J. Mark Poerio, Partner, Employment Department
Paul, Hastings, Janofsky & Walker LLP
- Covered institutions
- Understanding the three pronged approach of incentive plan design, internal controls and risk management, and strong corporate governance
- Risk mitigation factors
- Large financial institutions-special rules
- Ten tip for readiness
- Say on Pay
- Clawbacks
- Compensation Committee and Advisor Independence
- Disclosure of Board Leadership
- Additional Compensation Disclosures
- Use of stock vs. cash in plan design
- Risk and incentive pay-how to balance
- Board oversight role
- Policies and procedures
- 409A hot topics/status of additional guidance
- Code section 162(m) deduction issues
- Executive medical issues
- Possible future tax reform and deficit reduction legislation; possible impact on executive and nonqualified deferred compensation
- Say on Pay, Say on Parachutes, and Spin-off Litigation.
- Clawbacks – with triggers from financial restatements to breached non-competes
- Compensation Committee and Advisor Independence
- Disclosure of Board Leadership
- Additional Compensation Disclosures (e.g. pay ratios, and pending legislation to repeal!)
Who Should Attend:
- Human Resources & Benefits Executives
- CFOs
- Compensation Directors
- NRSROFinancial Executives
- Brokers
- Executive Compensation Practicing Lawyers
- Compensation and Benefits Consultants
Henry is Director National Executive Compensation Services practice and offices in Grant Thornton’s Raleigh office. Henry has more than thirty …
Mr. Winters co-chairs the firm’s Policy and Legislation practice group and also works with the firm’s Executive Compensation, Health and …
Mark Poerio is a partner in the Employment department in the Washington D.C. office of Paul Hastings. For nearly 25 …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
114156
Total Credits:
2.0 CLE
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SPEAKERS' FIRMS:
About Grant Thornton LLP
Website: https://www.grantthornton.com/
About Groom Law Group Chartered
Groom Law Group, Chartered is a Washington, DC-based law firm of over 50 attorneys that focuses exclusively on employee benefits issues. More information about the firm and its attorneys can be found at https://www.groom.com
Website: https://www.groom.com/
About Paul, Hastings, Janofsky & Walker LLP
Website: https://www.paulhastings.com/