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Compensation Advisory Partners LLC – A New Resource for Independent Executive Compensation Advice
We formed Compensation Advisory Partners LLC (CAP) to provide clients with the choice of an independent executive compensation consulting firm with a fresh perspective. Our partners have years of experience in executive compensation consulting. Our commitment to our clients is captured in three words: independence, client-focus and expertise.
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What do these words mean for us?
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Independence
- CAP provides objective advice that helps the board of directors fulfill its responsibility to shareholders
- Executive compensation consulting is our core service. We don’t provide other services that contribute to perceived conflicts of interest
- We will take a position and make our point-of-view clear
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Client-focus
- High quality service from experienced professionals
- Personalized, responsive service to a select group of clients where we believe we can have an impact
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Expertise
- Knowledge of compensation models – we know what works and what doesn’t work
- Deep experience in industries that demand specialization, including financial services, insurance, consumer products / services, pharma, retail and telecom
- Understanding of transactions and special situations, including M&A, private equity approaches and reorganizations
- Fact-based advice grounded in data and analytics
- An understanding of the interplay between rewards and risk
By Margaret Engel | Sep 28, 2009 | New York, NY
In September, the Conference Board Task Force on Executive Compensation issued a report that sets forth guiding principles for executive compensation. The Conference Board’s Task Force convened in March, 2009, during the worst days of the economic crisis. Members were responding to the erosion of public confidence in the business community, sparked by economic crisis and the uproar over excessive and inappropriate incentives. The Conference Board Task Force’s work is an example of how the crisis in financial services has spilled over into other sectors and now impacts the entire business community. [More]
By Margaret Engel | Sep 7, 2009 | New York, NY
The initiatives discussed above in "Independence Standards for Compensation Consultants " will likely result in a higher standard of independence for compensation consultants. None of the proposals, however, attempts to define these standards, leaving that job to the SEC. Compensation Advisory Partners researched current disclosure practices in Fortune 25 companies to understand how companies are addressing this issue in the absence of regulatory guidance. [More]
By Margaret Engel | Aug 17, 2009 | New York, NY
To enhance corporate governance standards, legislators and regulators are calling for Compensation Committees to use independent consultants as advisers on executive compensation matters. Since June, 2009, two bills addressing consultant independence have been proposed in the House. In addition, the Treasury has proposed a bill that would require the SEC to set standards for independence. Finally, the SEC proposed rules requiring enhanced disclosure, including compensation consultant fee disclosure. [More]