Program Start: 7:30 AM - 9:00 AM Registration Begins 30 minutes prior.
CEO compensation is very high profile, and determining the amount and structure is arguably one of the key responsibilities of the compensation committee. In an extremely tight labor market with accelerating executive pay, it can be challenging for boards to a attract, retain and motivate highly talented C-suite executives.
Using a case study format, we will co-facilitate discussions on how to motivate and deliver competitive compensation in a complex say on pay world where shareholders expect strong pay and performance alignment. This session will have significant audience participation as each table will work as a compensation committee team to deliberate and recommend the appropriate amount of pay for a CEO at an S&P 500 company. Some of the key questions for the Compensation Committee teams to strive to answer include:
What factors/ information should be considered by the compensation committee in determining the CEO’s target compensation for 2020 and making a recommendation to the overall board for approval?
What level of total pay should the committee recommend and why?
Should succession planning be factored into the decision-making process and, if so, how?
We will select two tables to present their recommendations to the overall group. This will be followed by an interactive group discussion.
Wendy Lane has served as a Director of Willis Towers Watson since January 2016 and its predecessor company Willis beginning in April 2004, where she has chaired the Compensation Committee, and served as a member of its Audit Committee and its Executive Committee. She was a member of the CEO Search and Strategic Alternatives Committees. She has been Chairman of Lane Holdings, Inc., an investment firm, since 1992. Prior to forming Lane Holdings, Inc., Ms. Lane was a Principal and Managing Director of Donaldson, Lufkin and Jenrette Securities Corporation, an investment banking firm, serving in these and other positions from 1981 to 1992. Prior to that, Ms. Lane was an investment banker at Goldman, Sachs & Co. Ms. Lane is also a director and the Audit and Risk Committee Chair of Al Dabbagh Group, a private Saudi Arabian company. She served as a director and Compensation Committee member of MSCI Inc., a New York-based public company director from 2015-2019; a director and Audit Committee member of UPM-Kymmene Corporation, a Finnish publicly-held corporation from 2005-2018; a member of the board and Nominating and Corporate Governance Committee and the Audit Committee Chair of Laboratory Corporation of America for 18 years; and as a director and Audit Committee member of Tyco International 2001-2004. Ms. Lane holds a BA from Wellesley College in Mathematics and French and an MBA from Harvard Business School.
Aubrey Bout is a Managing Partner in the Boston office of Pay Governance. Aubrey actively consults on all aspects of executive compensation. He has a strong track record of helping boards and management teams develop pay programs that are aligned with company business strategy, performance and risk appetite. He advises and helps Compensation Committees strike a balance between motivating senior management while developing shareholder friendly incentive programs in a Say on Pay environment. Aubrey has advised numerous global companies over his approximately 25 year career helping them address complex issues while increasing shareholder value. He has published numerous articles and been quoted in various journals and has authored several chapters in two Pay Governance books. He is a frequent speaker on executive compensation and human resource matters. Aubrey also worked as VP of Human Resources & Customer Satisfaction for Covad Communications, a Silicon Valley headquartered technology company focused on broadband expansion, where he was responsible for developing and executing the company’s overall HR strategy and significantly improving the customer experience and retention. Aubrey holds a B.S. in Engineering from Cornell University and a M.S. in Engineering and Management from the University of Southern California.