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Presentation transcript:

Executive Compensation

American Chemical Society - Executive compensation 1 In 2007, Madeline Jacobs was reported to receive a salary of over $800,000 per year. The salaries of the ACS executives (executive director, treasurer, and secretary) are decided by the Standing Committee on Executive Compensation which is composed of the "president, the immediate past president, the chair of the society committee on budget and finance, and two members of the society with demonstrated expertise in senior and executive staff compensation."

Sarbox - Clawbacks of executive compensation for misconduct 1 The SEC did not attempt to claw back any executive compensation until 2007, and as of December 2013 had only brought 31 cases, 13 of which were begun after

Environmental, social and corporate governance - Executive compensation 1 Since the 2008 banking collapse, the issue of executive compensation had climbed far up the agenda of concerns for the Responsible Investor. Many companies are now being asked to list the percentage levels of bonus payments and the levels of remuneration of the highest paid executives are coming under close scrutiny from stock holders and equity investors alike.

Dodd–Frank Wall Street Reform and Consumer Protection Act - Subtitle E – Accountability and Executive Compensation 1 Shareholders must be informed of the relationship between executive compensation actually paid and the financial performance of the issuer, taking into account any change in the value of the shares of stock and dividends of the issuer and any distributions, § 953; amending section 14 of the Securities Exchange Act of 1934 (), by adding: (i) DISCLOSURE OF PAY VERSUS PERFORMANCE

Sarbanes–Oxley Act - Clawbacks of executive compensation for misconduct 1 The SEC did not attempt to claw back any executive compensation until 2007, and as of December 2013 had only brought 31 cases, 13 of which were begun after

Citigroup - Shareholder rejection of executive compensation plan 1 Many shareholders expressed concerns about Citi's failed 2012 Fed stress test and lack of long-term performance-based metrics in its executive compensation plan

Executive compensation 1 It is typically a mixture of salary, bonuses, shares of or call options on the company stock, benefits, and perquisites, ideally configured to take into account government regulations, tax law, the desires of the organization and the executive, and rewards for performance.[ BPaskPAJUQCprintsec=frontcoverdq=executive+p ayhl=ensa=Xei=wtl5T_CNDYuM0QHP- 7STDQved=0CEAQ6AEwAQ#v=onepageq=execu tive%20payf=false The complete guide to executive compensation] By Bruce R

Executive compensation - United States 1 It is interesting to juxtapose SEC regulations related to executive compensation with Congressional efforts to address such compensation.[ /papers.cfm?abstract_id= Kenneth Rosen, Who Killed Katie Couric? And Other Tales from the World of Executive Compensation Reform, 76 Fordham Law Review 2907 (2007)]

Executive compensation - United States 1 As a general rule, the larger the corporation the larger the CEO compensation package.Kevin Hallock, `Dual Agency: Corporate Boards with Reciprocally Interlocking Relationships,` in Executive Compensation and Shareholder Value: Theory and Evidence, ed

Executive compensation - United States 1 However, a review of the experimental and quasi-experimental research relevant to executive compensation, by Philippe Jacquart and J

Bonus-Malus - Executive compensation 1 In executive compensation, particularly at banks, 'bonus-malus' refers to schemes where annual bonuses are held in escrow (do not immediately vesting|vest), and can be reduced retroactively (claw back|clawed back) in case of losses in future years.

Bonus-Malus - Executive compensation 1 In November 2008, UBS AG announced a change to its executive compensation scheme implementing such a system, which it dubbed a bonus-malus system.[ /1/ubs-to-change-way-it-pays- senior-managers.html UBS to Change Way it Pays Senior Managers]

Compensation in the United States - Executive compensation 1 Executive compensation has its own set of regulations and lacks many of the tax benefits of other employee compensation because it exceeds their income limits.

Goodwill Industries - Executive compensation 1 In 2005, Goodwill Industries of the Columbia Willamette (GICW), Goodwill's Portland, Oregon branch, came under scrutiny due to executive compensation that the Oregon attorney general's office concluded was unreasonable

For More Information, Visit: m/the-executive- compensation-toolkit.html m/the-executive- compensation-toolkit.html The Art of Service