Research Reports

Director Compensation

2023 Executive Change-in-Control (CIC) and Non-CIC Severance Practices

Research Report | By Noah KaplanEva Gencheva, Alyssa Imelio

Executive severance practices have evolved over the last decade, with changes influenced in part by large institutional investors and proxy advisors. This report summarizes current market severance practices for CEOs and CFOs, with specific focus on arrangement types, qualifying termination definitions, cash severance, equity treatment, continued health and welfare benefit duration, excise tax treatment, and restrictive covenants.

Retaining the C-Suite After CEO Turnover

Research Report | By Marco PizzitolaJoe Sorrentino

Effective CEO succession is critical to the potential success of a company. For a CEO to set and execute a winning strategy, a stable, engaged, and high functioning team is needed in the C-suite. However, CEO succession can often result in the departure of other senior executives. One common strategy to limit post-succession turnover is to make special retention grants to some or all of the leadership team.

Executive Severance and Change-In-Control Practices

Research Report | By Dana EtraErin Bass-Goldberg

Severance practices for executives have changed significantly in recent years, both in CIC and non-CIC situations. As a result of this changing landscape, the past few years have seen notable severance practice reform. This study examines severance and CIC practices for CEO and CFO at 200 large- and mid-cap public companies across multiple industries.