The New CEO Pay Ratio Rule: Developments and Updates in 2018
The first of many CEO pay-ratio proxy disclosures has begun. The requirement was created by the Securities and Exchange Commission’s (SEC’s) rule which became effective on January 1, 2017. Creating a dilemma for compensation committees, the rule aims to measure the pay ratio between the CEO and the median employee pay of a publicly traded company.
Our panel of key thought leaders and practitioners will discuss recent developments regarding the new CEO Pay Ratio Rule. They will offer a discussion of the current updates regarding businesses’ compliance with the CEO Pay Ratio Disclosure Rule in light of the initial disclosures.
Key topics include:
- The New CEO Pay Ratio Rule: Overview
- Recent Trends and Developments
- Lessons Learned from the Initial Disclosures
- Risks and Pitfalls
- Best Compliance Practices
Lauren Peek, Principal
Compensation Advisory Partners
- Pay ratios among the S&P 500 and Russell 3000
- Median Employee Pay and median CEO pay by sector / revenue
- Issues/items that can impact the ratio.
Joe Sorrentino, Principal
FW Cook & Co., Inc.
- CEO Pay Ratio: Year 2 Planning
- Learnings from year 1
- Decisions to be made for year 2
- Additional considerations
- Investor issues/feedback
Gillian Emmett Moldowan, Counsel
Shearman & Sterling
- Use of alternative pay ratios
- Pay ratio disclosure format and placement in the proxy statement
- ISS and Glass Lewis reaction/future guidance related to pay ratio
Lauren Peek is a Principal at Compensation Advisory Partners LLC (CAP) in New York. She has 15 years of experience advising on executive compensation strategy, evaluating the pay and performance relationship, annual and long-term incentive plan design, director compensation program design and corporate governance issues. Lauren advises Compensation Committees and senior management for both public and privately-held organizations with significant experience in the pharmaceutical, manufacturing and consumer products industries.
Lauren Peek is a Principal at Compensation Advisory Partners LLC (CAP) in New York. She has 15 years of experience …
Gillian Emmett Moldowan is a partner in the Compensation, Governance & ERISA practice.
She advises companies, boards of directors, executives and investors on compensation and benefit matters, including equity-based incentives, deferred compensation programs and employment, retention and severance arrangements. Her practice focuses in particular on issues that arise in securities offerings and mergers and acquisitions transactions. She regularly counsels clients on disclosure, corporate governance, trading rules (including Section 16) and the negotiation of executive employment arrangements. Gillian also advises on the applicability of federal securities law, tax law and general employment-related legal issues.
Gillian Emmett Moldowan is a partner in the Compensation, Governance & ERISA practice. She advises companies, boards of directors, executives …
Joe Sorrentino is a Principal in FW Cook’s New York office and has over 20 years of executive compensation consulting experience. He serves as the independent advisor to Compensation Committees and works in a supporting consultant role on many of the firm’s large and more complex clients.
Joe’s client assignments have been with both public and privately-held companies in industries including: chemicals, consumer products, financial services, health care, manufacturing, pharmaceuticals, real estate/REITS and utilities. His consulting engagements often focus on the development of executive compensation strategy, design of annual and long-term incentive programs, and ISS equity plan modeling, compensation and governance policies.
Joe is a frequent author and speaker on issues related to executive compensation. Previously, he was employed as a senior executive compensation consultant with Steven Hall & Partners and Pearl Meyer & Partners.
Joe Sorrentino is a Principal in FW Cook’s New York office and has over 20 years of executive compensation consulting …
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Method Of Presentation:
Experience in executive compensation/securities laws
NY Category of CLE Credit:
Areas of Professional Practice
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About Compensation Advisory Partners
CAP is a leading independent consulting firm specializing in executive and director compensation and related corporate governance matters. Our consultants have served as independent adviser to Boards and senior management at many leading companies in the areas of compensation strategy, program design and in promoting sound corporate governance principles.
Website: Compensation Advisory Partners
About Shearman & Sterling
From complex cross-border transactions to exclusively local deals, clients rely on Shearman & Sterling’s vast international network to help accomplish their business goals. The firm has approximately 850 lawyers in 21 offices around the world, and its lawyers come from some 80 countries, speak more than 60 languages and practice US, English, EU, French, German, Italian, Hong Kong, OHADA and Saudi law. They also practice Dubai International Financial Centre law and Abu Dhabi Global Market law.
About FW Cook & Co., Inc.
FW Cook is an independent executive compensation consulting firm that provides objective advice to boards and management of the world’s leading companies. Our firm’s principal objective is to add value to the executive pay programs and processes of our clients. Our consultants collaborate with clients to solve complex problems and design programs that support their business strategy and successfully link executive pay to shareholder value. Founded in 1973, we serve public, private, and tax-exempt organizations across a broad spectrum of industries. With the largest market share of board engagements among our competitors, we currently serve over 750 clients. FW Cook’s offices are located in New York, Chicago, Los Angeles, San Francisco, Atlanta, Houston, and Boston. To learn more about us or to join our mailing list, visit us on the web at www.fwcook.com.