News

2024’s Top Comp Committee Topics

By Directors & Boards | Feb 14, 2024 | Read more

Partners Eric Hosken and Dan Laddin discuss how succession planning, ESG, and the election season will affect compensation as we move toward 2025. The new year is off to a strong start, coming off a stronger-than-expected fourth quarter of 2023 and a positive start to the year in the stock market. The picture is not all positive though since 2024 is expected to be a highly charged political year with a contentious presidential election, uneven economic recoveries globally and continued conflicts in the Middle East and Ukraine. Uncertainty is something that compensation committees will continue to struggle with in 2024.

Which big-bank CEOs got hefty pay raises in 2023?

By American Banker | Feb 13, 2024 | Read more

Partner Kelly Malafis and Principal Shaun Bisman’s research about bank CEO pay was cited by American Banker in February 2024. The article discusses how much the CEO’s of JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley and Capital One Financial were paid in 2023, based on the banks’ own reporting.

Tracking Board Leaders’ Committee Membership

By Agenda | Jan 29, 2024 | Read more

CAP Principal Ryan Colucci was quoted in Agenda discussing the Board research he performed. One of the findings highlighted in the article discusses how Board leaders are less likely to serve on the audit committee because of the specialized expertise required of the role. Audit committees require chairs with more hard skills and experience with financial statements, as opposed to nom-gov and compensation committees that rely on softer, less mechanical skills.

“World Class” Director Compensation

By The Corporate Board | Dec 12, 2023 | Read more

Partners Matt Vnuk and Dan Laddin wrote an article for The Corporate Board discussing best practices for board of director compensation. Best practice topics covered in this article include compensation philosophy, frequency of pay changes, pay levels, pay program design, equity ownership, and communication / documentation. While global “pay equity” debates rage over the compensation of top executives versus rank and file employees, pay setting for corporate board members has also drawn unwelcome criticism. Though the 2023 court case clawing back $735 million in pay to Tesla directors is an outlier, how well is your board shaping—and communicating—its own pay plan?