Broadcast Date: Wednesday, November 06, 2024
from 12:00 pm to 1:00 pm (ET)
Overview:
The SEC’s New Pay Versus Performance Rule, enacted to enhance transparency and accountability in executive compensation practices, requires companies to report “mark to market” pay – called “Compensation Actually Paid” or “CAP”. This new disclosure gives investors the ability to measure key dimensions of executive pay – incentive strength, alignment, performance adjusted cost and relative pay risk – without doing elaborate and time-consuming analysis to estimate mark to market pay from the pay and grant data reported in the proxy.
Join us in this CLE/CPE Webcast as Stephen O’Byrne of Shareholder Value Advisors Inc. explains the new Rule, shows how to use the reported data to calculate these key dimensions of executive pay, reports his findings on pay alignment and performance adjusted cost for 900 public company CEOs and shows how the calculated pay dimensions can be used to guide better incentive plan design.
Learning Objectives:
- Identify and explain the key components of the SEC’s new Pay Versus Performance rule.
- Learn how to utilize PvP disclosures to assess the strength of executive pay incentives and other critical dimensions.
- Analyze insights from PvP disclosures across 800 public companies to evaluate trends in pay-for-performance practices.
- Explore strategies for leveraging PvP disclosures to improve executive pay design and influence Say on Pay voting outcomes.
Credit:
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-Demand Webcast
NASBA Field of Study:
Accounting – Technical
Prerequisite:
General knowledge of executive compensation/securities laws
Course Code:
1411175
Total Credit:
CPE Credit:
1.0 CPE (Not eligible for QAS (On-demand) CPE credit)
CLE Credit:
CA CLE 1.00 General - Approved Until: 11/06/2026
PA CLE 1.00 General - Approved Until: 11/06/2026
VT CLE 1:00 General - Approved Until: 12/31/2025
NJ CLE 1:00 General - Credits through Reciprocity
NY CLE 1:00 Areas of Professional Practice - Credits through Reciprocity
AR CLE 1:00 General - Credits through Reciprocity
CT CLE 1:00 General - Credits through Reciprocity
NH CLE 1.00 General – Meets the requirements of NH Supreme Court Rule 53
MO CLE 1.00 General - Approved Until: 11/06/2024
TN CLE 1.00 General - Approved Until: 11/06/2025
WI CLE 1.00 General - Approved Until: 12/31/2025
Pending CLE Application:
MS, GA
Self-Apply:
AL, CO, DE, FL, ID, IN, IO, KS, KY, LA, NC, ME, MN, MT, NE, NV, NM, ND, OH, OK, OR, SC, TX, UT, VA, WA, WV, WY
If you’d like us to apply for CLE, you may opt to pay the CLE processing fee here.
No MCLE Requirements:
DC, MD, MA, MI, SD
Not Eligible for CLE:
AK, AZ, HA, IL
How to Claim CLE Credits Per State:
https://knowledgewebcasts.com/how-to-claim-cle-credits-per-state/
CLE State Requirements:
https://knowledgewebcasts.com/cle-state-requirements/
CPE State Requirements:
Speaker:
Stephen O’Byrne, President
Leading Consultant on Compensation, Performance Measurement, and Valuation Issues
Shareholder Value Advisors Inc.
Stephen F. O’Byrne is President and co-founder of Shareholder Value Advisors Inc., a consulting firm that helps companies increase shareholder value through better performance measurement, incentive compensation and valuation analysis. His work on measuring the strength and cost-efficiency of top management incentives has been published in the Harvard Business Review, the Journal of Investing, Conference Board Director Notes, the Journal of Applied Corporate Finance and the WorldatWork Journal. He is the co-author, with Professor David Young of INSEAD, of EVA and Value-Based Management. He was previously head of the compensation consulting practice at Stern Stewart & Co. and a Principal in the executive compensation practice at Towers Perrin.
Agenda:
Stephen O’Byrne, President,
Shareholder Value Advisors Inc.
- The New PvP Rules: An Overview of Key Components
- How the PvP Disclosures Can Be Used to Measure Incentive Strength and Other Key Dimensions of Executive Pay
- What the PvP Disclosures Tell Us About Pay for Performance at 800 Public Companies
- How PvP Disclosures Can Be Used to Improve Pay Design and Say on Pay Voting
Date & Time:
Wednesday, November 06, 2024
12:00 pm to 1:00 pm (ET)
Who Should Attend:
- Corporate Lawyers
- General Counsel
- C-Suite Executives
- Board Members and Directors
- Financial Advisors & Consultants
- Investment Professionals
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