Succession Planning and Strategic Pay
A 2015 CEO Talent Summit Solutions Exchange, sponsored by Board Advisory
A 2015 CEO Talent Summit Solutions Exchange, sponsored by Board Advisory
The best way for directors to align the company’s interests with the CEO’s is to max out stock incentives, right? Not necessarily. New research published in the Review of Financial Studies recommends a different approach to incentives that results in a more effective relationship between the CEO and board.
Spurred by the successes of women in shattering the glass ceiling to the corner office, the issue of how females are treated as business leaders continues to spawn fascinating new insights that CEOs and company owners – as well as their charges – can use to guide their decisions and their careers. The latest of these is a new study on female CEO pay.
Issues of pay equity from the C-suite all the way down to the lowest-paid workers are gaining currency as the U.S. labor market tightens, and investment and political activists continue to target CEOs, business owners and companies that seem vulnerable on the issue.
Private sector company CEOs saw their cash compensation increase 24% in fiscal 2013 compared to the previous year, to a total, including salary and bonuses, of $662,404, according to Chief Executive Research’s CEO & Senior Executive Compensation Report for Private Companies 2014-2015.
While most headlines on CEO pay focus on the total compensation packages of the CEOs of the largest public companies, the reality is that the vast majority of CEOs did not enjoy multi-million dollar pay packages in 2013.
Transportation companies led all other industries in CEO salary with a median base salary of $330,000 in 2013 , according to the latest CEO & Senior Executive Compensation Report for Private Companies, 2014-2015, by Chief Executive Group.
Within weeks, the Securities and Exchange Commission is slated to adopt its final guidelines on implementing a new rule that will require most public companies to disclose the ratio of the total annual compensation of their CEO with the median pay of “all” of a company’s employees.
With proxy season upon us, board compensation committees find themselves having to defend the exec pay choices they made over the past year, and prove that they’re really “paying for performance.” Too bad so many boards and companies do such a poor job of telling this comp story. What are some of the biggest boners CEOs commit when selling your exec pay plans — and how do you avoid them?
The SEC has just proposed a rule that will require all public companies to report the ratio between the total pay of the CEO and the median pay of all other employees (excluding the CEO). Some of the unintended consequences –particularly for employment– will be severe.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.