A Look Inside the SEC’s Newly Finalized Clawback Rules

By Directors & Boards | Nov 21, 2022 | Read more

Partner Eric Hosken recently participated in a Q&A with Directors & Boards. In this interview, Eric answered several questions regarding the new clawback rules that the SEC approved in October 2022. The SEC initially proposed these rules back in 2015. You can find additional information about the new policies here.

Competition for CFO Bench Talent Heats Up

By Agenda | Nov 7, 2022 | Read more

Partner Kelly Malafis and Principal Roman Beleuta were quoted in the recent Agenda article discussing increased CFO salaries in the past year. A CAP report showed how 7% more CFOs received base salary increases at the largest companies compared to the prior year. Malafis shares that the trend isn’t unusual and that salary increases are about remaining competitive in the market so that salary doesn’t become a distraction. Beleuta explains how median total compensation for CFO’s increased by 17% year over year and the increase was driven by higher bonuses and long-term incentive payouts. The large total compensation increases are not expected to continue in 2022 but retaining key finance talent will require more than just a focus on compensation.

Top Priorities for Compensation Committees Today

By Bank Director | Nov 4, 2022 | Read more

In this article, Founding Partner Kelly Malafis, Principal Shaun Bisman, and Principal Mike Bonner address bank compensation committees. They list three issues that bank compensation committees should focus on: the rising cost of talent, the uncertain economic outlook, and the link between environmental, social, and governance (ESG) issues and human capital and compensation.

Is Your Colleague Earning More Than $200,000 a Year? Now You Can Find Out

By The Wall Street Journal | Nov 1, 2022 | Read more

Partner Sue Schroeder was recently quoted in a recent Wall Street Journal article about New York’s pay transparency law. The new measure requires all New York employers to list pay on job postings, along with internal transfer or promotion opportunities. Schroeder explains how pay will be all over the map since it is something that has been done behind the scenes for years. She explains the complexity behind pay determination and how most large companies have roughly 15 salary grades within their pay programs.