Insights

Jim Kzirian Joins Meridian Compensation Partners, LLC to Lead New Philadelphia Office

Jim Kzirian recently joined the organization to lead its’ new Philadelphia office.

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Meridian Compensation Partners, LLC, a leading executive compensation and corporate governance consulting firm, is pleased to announce that Jim Kzirian recently joined the organization to lead its’ new Philadelphia office. “We are excited to continue expanding our presence across the…

House Approves Financial CHOICE Act

On June 8, 2017, the U.S. House of Representative approved the Financial CHOICE Act (“CHOICE Act”), which, if approved by the Senate and signed by President Trump, would repeal and roll back significant portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). The House vote was 233 to 186, with one Republican opposing and not a single Democrat supporting the CHOICE Act.

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As reported in Meridian Client Update of May 12, 2017, the principal focus of the CHOICE Act is the banking provisions of Dodd-Frank and the Consumer Financial Protection Bureau. However, the CHOICE Act, if enacted, would make the following changes…

Best Practices for Restructuring Your Incentive Pay Plan

Watch Meridian Partner Marc Ullman on TK Kerstetter's Inside America's Boardrooms.

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In this episode, Partner Marc Ullman joins host TK Kerstetter to discuss best practices for rethinking the incentive pay structure. With the goal of aligning pay and performance, Ullman outlines eight DOs and DON’Ts for today’s compensation committees. In addition…

Report on Say on Pay and Select Shareholder Proposals for the 2017 Proxy Season

Meridian Compensation Partners, LLC is pleased to provide this periodic report on key voting results for the 2017 proxy season.

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About This Material Specifically, this report will cover the following areas: Standard & Poor’s (S&P) 500 Say on Pay (SOP) Vote Results and Analysis Russell 3000 SOP Vote Results and Analysis Analysis of Vote Results on Select Shareholder Proposals Highlights…

How to Get Your Share Plan Approved

Posted in the May/June 2017 issue of NACD Directorship magazine

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Approximately 25 percent of U.S. public companies will be asking shareholders to approve a new or amended share plan this proxy season. Since most companies do not revise share plans on an annual basis, boards may want a refresher on…

Board Governance Series – Corporate Board Member 2nd Quarter 2017

In this interview, Gerard Leider, partner, Meridian Compensation Partners, discusses current issues that are having an effect on director compensation policies and offers guidance for ensuring the board has a responsible process for setting director pay.

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There are a lot of compensation topics that we cover throughout the year in our Board Governance Series webcasts, but we don’t often home in on director pay, and that’s pretty important to our audience. Gerard, what can you tell…

2017 Trends and Developments in Executive Compensation

Meridian provides an overview of the current executive compensation and corporate governance landscape.

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Executive Summary As detailed in Meridian’s prior Trends and Developments in Executive Compensation Survey (2015 through early 2016), several factors were driving change in the executive compensation landscape in the U.S. These factors included market volatility, turmoil in commodity prices…

IS A THREE-YEAR PERFORMANCE PERIOD REALLY LONG-TERM?

Tom McNeill and Jon Szabo of Meridian Compensation Partners, LLC discuss how three years being the standard for "long-term" incentive is not really long-term at all.

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Find this article and more in the NYSE Governance Services Corporate Board Member Magazine – nyse.com/governance Over the last 10–15 years, we have observed a sea change in long-term incentive (LTI) award design. The role of stock options has dramatically…

House Committee Approves Bill to Repeal Key Provisions of Dodd-Frank

On May 4, 2017, the House Financial Services Committee approved the Financial CHOICE Act (“CHOICE Act”) to repeal and roll back significant pieces of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). The Committee voted to send the CHOICE Act to the House floor, 34-26, along party lines.

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The principal focus of the CHOICE Act is the banking provisions of Dodd-Frank and the Consumer Financial Protection Bureau. In addition, the CHOICE Act includes provisions relating to agency rulemaking requirements, judicial review of agency actions and capital formation. In…

Equilar Board Leadership Forum, Dallas

The Board’s Role in Driving Change

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May 16, 2017 The Four Seasons, Dallas at Las Colinas 4150 N MacArthur Blvd Irving, TX 75038 Equilar and Nasdaq are excited to offer a one-day program to help public company board members, general counsel and corporate secretaries drive success…

Equilar 8th Annual Executive Compensation Summit

June 12-14, 2017 Swissotel, Chicago IL

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Meridian Compensation Partners is proud to be a sponsor of this year’s Equilar Executive Compensation Summit to be held in Chicago June 12-14, 2017. Visit us at booth #12 and network with over 400 elite business leaders across many industries…

President Trump Unveils Proposed Tax Plan

President Trump’s proposed tax plan is largely similar to the plan he proposed during the presidential campaign—large cut in corporate tax rate, reduction in individual tax rates with consolidation of tax brackets, elimination of most deductions and increase in the standard deduction.

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The proposed tax plan represents a broad-brush proposal rather than a detailed tax plan. Significant work lies ahead for the Trump administration to iron out the key points of the tax proposal so that it will be acceptable to the…

Jay Clayton Confirmed as SEC Chair

President Trump’s nominee for Chair of the Securities and Exchange Commission (SEC), Jay Clayton, has been confirmed by the Senate.

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Jay Clayton, a Wall Street securities attorney, will be sworn in this week as the Chair of the SEC. The Senate confirmed Mr. Clayton’s nomination on May 2, 2017. After Mr. Clayton is sworn in, the SEC will have three…

Measuring E&P Capital Decisions in an Annual Incentive Plan is Complicated

Are E&P companies using the right metrics in their annual incentive programs?

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There has been a lot of attention (both from the media and investors) focused on whether E&P companies are using the right metrics in their annual incentive programs. E&P companies have been criticized for a heavy focus on production and…

Should Boards Reconsider the Benefits of Stock Options?

Watch Meridian Partner Jamie McGough on TK Kerstetter's Inside America's Boardrooms.

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Meridian Partner Jamie McGough joins TK Kerstetter, host of Inside America’s Boardrooms, to discuss “Should Boards Reconsider the Benefits of Stock Options?” Watch Jamie explain why the use of stock options has diminished and why he thinks companies might want to…

Controlling Activist Investors

Potential Texas legislation would curtail activist investors and proxy advisors.

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While we wait to see what deregulation might come out of the new administration regarding Dodd-Frank or other executive compensation regulations, the Texas legislature might take a huge step in favor of corporate boards and management. A bill currently pending…

States and Municipalities Propose CEO Pay Ratio Tax

Looking to raise taxes or to make political statements, several states and municipalities have proposed tax revenue schemes tied to a public company’s proxy-disclosed CEO pay ratio.

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Although the fate of the CEO pay ratio disclosure may be uncertain, this has not deterred certain states and municipalities from proposing new taxes on public companies tied to a company’s disclosed CEO pay ratio (or some variant). In fact,…

The “Trump Trade”: Will Stock Options Make a Comeback?

Read this interview with Meridian Partner Bob Romancheck from Corporate Board Member magazine.

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This interview originally appeared in Corporate Board Member magazine. Corporate Board Member spoke to Bob Romanchek, partner and consultant with Meridian Compensation Partners, about the expected use of stock options going forward. At one time, the use of stock options…

Compensation Committee Best Practices: Pay Increases & Goal-Setting

Watch Meridian Partner Matthew Isakson on TK Kerstetter's Inside America's Boardrooms.

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Meridian Partner Matthew Isakson joins TK Kerstetter, host of Inside America’s Boardrooms, to discuss “Compensation Committee Best Practices: Pay Increases & Goal-Setting.” Get more insight into compensation committee goal setting from Matt Isakson and Boardroom Resources here: “4 Guiding Perspectives…

Bigger Shoes to Fill

Meridian Partner Tom Ramagnano discusses aligning shareholder value with director pay in this article from Equilar C-Suite magazine.

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Find this article and more in the most recent issue of Equilar C-Suite magazine. Find past issues of C-Suite at Equilar.com. Boards walk a fine line to align director pay with shareholder value By Ryan Villard   Boards of directors…