Insights
Blogs | Coronavirus
Compensation Tools to Address Retention Challenges of the COVID Recovery World
By Marco Pizzitola, Erin Bass-Goldberg
The nature of work has shifted rapidly over the past 18 months – and with it, battle lines in the war for talent. Pandemic actions that were initially implemented for safety, primarily work-from-anywhere policies, have fundamentally changed how employees view their relationships with employers...
Glass Lewis Publishes Policy Guidance on the Impacts of COVID-19
By Caprice Herjavec, Hannah Reich, David Yang
On January 26, Glass Lewis issued illustrative guidance on how the firm will apply its voting policies to executive compensation in the context of the COVID-19 pandemic. The proxy advisor indicated that its overall approach to executive compensation and pay-for-performance remains unchanged. However...
ISS Publishes FAQs on the Impact of COVID-19
On October 15, ISS released preliminary FAQs to provide general guidance on how they intend to qualitatively evaluate pay actions in response to COVID-19. Consistent with historical practice, an elevated concern from the quantitative screen will result in a more in-depth qualitative review of the company's pay programs...
Lessons Learned from Early Filers: Insights into Incentive Compensation Decisions in the COVID-19 Environment
The COVID-19 outbreak has caused major disruptions across businesses worldwide, and there are wide-ranging implications for the administration of compensation programs. While most calendar-year companies have several months left to determine how they will handle their in-cycle incentive plans...
ISS Publishes Policy Survey Results
On September 24, Institutional Shareholder Services (“ISS”) published the results of its annual policy survey open to institutional investors and non-investors (e.g., corporate executives, board members, and other “interested constituencies” such as advisors and consultants to corporations). Key findings...
Incentives in the Pandemic
By Michael Marino, Arthur Kohn, Michael Albano, Caroline Hayday, Howard Pianko, Ben Conley
While much of the focus today is on restarting segments of the economy and developing action plans to reopen businesses, history outside of corporate America teaches us important lessons on how incentives can play a role in driving effective outcomes. It shows us that incentives, not just rules, may be the solution businesses need...
Continuing the Conversation with Dan Ryterband: COVID-19 Compensation Implications – The Big Picture
The COVID-19 outbreak has caused major disruptions across businesses worldwide, and there are wide-ranging implications for the administration of compensation programs. For many companies, the most direct and immediate compensation-related challenges posed by the COVID-19 outbreak are...
The Executive Pay Dilemma
By Michael Marino, Arthur Kohn, Caroline Hayday
Executive pay in the midst of the pandemic presents an obvious dilemma. On the one hand, it would be a stretch to blame fairly management teams for most of the adverse financial performance that will stretch across a broad range of industries. On the other, they cannot escape the consequences either...
ISS Publishes Policy Guidance on the Impacts of COVID-19
By Stephan Bosshard, Joe Sorrentino
ISS recently released initial policy guidance on how the firm will apply ISS benchmark or voting policies for upcoming annual general meetings and whether there will be any changes due to the pandemic. The proxy advisor generally instructs that it will apply appropriate discretion on a case-by-case basis...
Glass Lewis Releases Guidance on Governance Approach and Expectations During the Coronavirus Pandemic
Glass Lewis recently released a policy note outlining the firm’s approach and expectations on several governance areas that are likely to be impacted by the COVID-19 pandemic. While acknowledging that the pandemic will likely affect all governance issues, Glass Lewis focused predominantly on...
Continuing the Conversation with George Paulin: A Second Wave of COVID-19 Executive Compensation Implications
By George Paulin
Setting financial goals and granting long-term incentives for FY20 were the COVID-19 issues that received immediate attention. Most companies either have already acted and expect to apply appropriate judgement at year end or are waiting for additional business and stock-market clarity...
Managing Through Turbulence – A Conversation with FW Cook’s CEO and Chairman
By Daniel Ryterband, George Paulin
Considering the current market volatility, Dan Ryterband, CEO, and George Paulin, Chairman of FW Cook, share their perspective on various issues companies are now facing...