Sentences with phrase «of board compensation»

Not exact matches

Ford's board may have decided to leave out the cash base pay (which, prorated, would've been a little over $ 1 million) because unlike stock, a direct cash payment could make for poorer optics, said Alan Johnson of the executive compensation consulting firm Johnson Associates.

Judge slams deception by Hardie board Ten former directors and executives of building materials group James Hardie have been found to have breached their duties by making misleading statements about the firm's ability to pay asbestos compensation, in a decision that has wide - ranging implications for company boards.

Pressure is mounting on boards to take a firmer grasp of everything from strategy to compensation.

Executive compensation continues to be one of the hardest problems faced by corporate boards, as well as an absolutely key ethical obligation.

The reason: The biggest investors, like mutual funds and pension funds that held more than half of all outstanding shares, showed no interest in quibbling with boards» compensation committees.

So the HP board used its own «pay for performance philosophy» to justify annual compensation of over $ 15 million for Whitman for 2012.

After witnessing a 95 % decline in the pharmaceutical company's share price amid a series of scandals, Valeant's board, led by former shareholder and hedge fund manager Bill Ackman, smartly tied Papa's compensation to a recovery in the stock price.

In a passage about the rising salaries of CEOs, Fisman and Sullivan suggest that one reason board members reward chief executives so lucratively is to avoid unpleasant interactions at meetings or the country club if their compensation is too low.

A CEO may subtly co-opt and manage a compensation committee so it is composed of «friendlies,» who are sympathetic to the CEO, and resist full board involvement.

Critics complain «say on pay» votes are ineffectual because boards aren't bound to the results, but of the 53 U.S. companies for whom shareholders rejected compensation plans in 2012, 45 made changes and got positive votes the following year, according to Institutional Shareholder Services.

«When I say I am accountable, I am talking about the actions the board took with my recommendation to take back much of my stock - based compensation, which make up much of my compensation,» Stumpf said.

In his 2005 decision in the Disney shareholder case, Chancellor Chandler served up a stern warning to boards of directors according to a report by Reuters: «If neither the courts nor the markets are able to restrain executive compensation... the result will be imposition of regulatory controls.

That action alleges the board unfairly restricts how its members can divulge certain pieces of market information — such as negotiated sale prices and broker compensation — to their clients.

Equifax said in a regulatory filing that it might claw back some of Smith's compensation for this year, depending on results of the board's investigation into the breach, which the company has said occurred between mid-May and July.

In what was possibly a preemptive move by the company, the Wells board of directors decided to take back $ 41 million in stock - based compensation from Stumpf along with just over $ 16 million in stock options from former community - banking head Carrie Tolstedt.

Stumpf, however, said in Thursday's testimony that he did suggest to the board that it take back some of his stock compensation.

«These freelancers come on board as subcontractors and save the small business owner the burden of paying overhead associated with payroll taxes and expenses such as health insurance and worker's compensation, as well as the space constrictions that growing a company in - house can present.»

After the financial crisis of 2008, the Dodd - Frank Act ensured that compensation consultants were hired by the board's compensation committee and not hired by or unduly influenced by the CEO or other management.

Not only that, but around a third of voting shares abstained from the reelection of every member of the board's compensation committee.

The Facebook board's compensation committee authorized Zuckerberg's security program, the filing said, «to address safety concerns due to specific threats to his safety arising directly as a result of his position as our founder, Chairman, and CEO.»

Sanger is a member of the board committee that, according to the firm's proxy statement, «oversees the company's incentive compensation practices so that they are consistent with the safety and soundness of the company.»

FORTUNE — Over the past three years, Alexis Herman, a Coca - Cola director and a member of the drink company's executive compensation committee, has received $ 2.9 million for her board work.

IAC Chairman Barry Diller, who is on the board of Coca - Cola, reacts to Wintergreen Advisors» David Winters assault on the beverage giant's compensation plan.

For several years, Cameco has tied compensation to environmental sustainability and worker safety, because «being in the uranium business, the company understands the importance of the social licence from the community,» says Nancy Hopkins, a lawyer who sits on several private - and public - sector boards, including Cameco's.

Compensation consultants are widely regarded as not being independent and beholden to management for the bulk of their professional services, not the company or its board.

The advisory firm says Cation has put forward a «reasonably compelling case» for board change to allow better capital allocation decisions, enhance profitability and ensure appropriate alignment of executive compensation.

So boards of directors do have some public obligations related to how they choose to compensate executives (even if, as I've argued before, outsized compensation isn't automatically unfair).

But a widely - cited statement from the company includes the following assertion: «The Personnel and Compensation Committee of the Board will carefully consider their input as we move forward.»

A central theme throughout the compensation debate has been that boards and compensation committees — particularly in the U.S. and U.K. (but also elsewhere)-- have been incapable or unwilling to address the uncontrolled disparity between pay of CEOs compared to that of other senior management and, in particular, the pay of average workers, even throughout the financial crisis.

Compensation committees and boards should insist on an industry - wide rigorous code of conduct for compensation consultants that is independently drafted and enforced, publicly accessible and to which all compensation consultants who advise these compensation committeeCompensation committees and boards should insist on an industry - wide rigorous code of conduct for compensation consultants that is independently drafted and enforced, publicly accessible and to which all compensation consultants who advise these compensation committeecompensation consultants that is independently drafted and enforced, publicly accessible and to which all compensation consultants who advise these compensation committeecompensation consultants who advise these compensation committeecompensation committees subscribe.

Exxon board member Bill George led a National Association of Corporate Directors Blue Ribbon Commission on «Executive Compensation and the Role of the Compensation Committee,» which included recommendations such as not offering contracts to executives (giving the board more flexibility in how it deals with the CEO's pay and tenure), which is reflected in the pay practices at ExxonMobil.

«EQT's perverse compensation structure in fact incentivizes management to pursue this suboptimal, dilutive acquisition, no matter the cost to EQT shareholders,» Rosenstein wrote in a letter to EQT's board of directors filed with the Securities and Exchange Commission.

For example, the proposed rule suggests that boards should receive data to perform its compensation oversight but does not provide clear guidance on the kinds of information boards should receive.

In a note to investors ISS wrote that «The current pay and performance misalignment driven by ongoing problematic pay practices indicates poor stewardship of the board's Compensation Committee.»

Representatives said they would not give more details about the wording or say if it reflected a decision by Viacom's board of directors, which has been under fire for lax oversight of executive compensation.

From 2005 through part of 2009, Google's compensation committee included members of Apple's board (Art Levinson) and Intel's (INTC) board (Paul Ottelini).

Duhaime stepped down the same day the results of the investigation were disclosed, and the board rewarded him with a $ 4.97 - million compensation package.

Today, many boards want «industry expertise,» but at what point does the concentration of power and information negatively affect competition, compensation, and innovation?

As the owner of more than 90 % of voting stock at the company, Adderley has control over the election of the company's board directors, its advisory Say on Pay vote, and, at the coming May annual meeting, to renew the Kelly's short and long - term compensation plans.

They came up with a two - part compensation package: a base salary, which the board pegs to what CEOs of similar - size companies in northeastern Ohio earn, and an annual bonus, fixed at 25 % of TRC's pretax profits, which board members feel is a typical CEO profit incentive at privately held growth companies in the region.

«The board accepts the result of today's non-binding vote and will take it under advisement for future CEO compensation,» Aylwin Lewis, chair of the board's compensation committee, said in a statement.

In crafting it, she took into account board composition and tenure, capital ratio and compensation, working down a checklist of anything and everything that might make the company an attractive target for activist investors.

RESOLVED: Shareholders request the Board Compensation Committee prepare a report assessing the feasibility of integrating sustainability metrics, including metrics regarding diversity among senior executives, into the performance measures of the CEO under the Company's compensation inceCompensation Committee prepare a report assessing the feasibility of integrating sustainability metrics, including metrics regarding diversity among senior executives, into the performance measures of the CEO under the Company's compensation incecompensation incentive plans.

Our Board of Directors has established an Audit Committee, a Compensation Committee, and an Executive Committee.

In the future, our Compensation Committee and board of directors may consider awarding such additional or alternative forms of awards to our executive officers, although no decision to use such other forms of award has yet been made.

None of our directors, except Mr. Tansky, receive compensation for their service as a member of our Board of Directors.

Accordingly, the Board approved the following cash retainers for 2016: $ 35,000 for the Chair of the Audit Committee; $ 30,000 for the Chair of the Compensation Committee; and $ 25,000 for the Chair of the Nominating Committee.

Both of those factors may leave Board members feeling overly sympathetic and likely to set higher levels of compensation than are warranted.

Crescent Point says its board of directors has added a drilling rate - of - return metric to its pay - for - performance plan to «incorporate feedback and further align compensation with returns and capital allocation.»

After the end of the fiscal year, upon recommendation of the Compensation Committee after reviewing peer company market data supplied by the Compensation Committee's independent compensation consultant, the Board increased the additional cash retainer for the Chair of eacCompensation Committee after reviewing peer company market data supplied by the Compensation Committee's independent compensation consultant, the Board increased the additional cash retainer for the Chair of eacCompensation Committee's independent compensation consultant, the Board increased the additional cash retainer for the Chair of eaccompensation consultant, the Board increased the additional cash retainer for the Chair of each committee.