Marc Ullman, former Managing Partner, and Virginia Rhodes, Partner, at Meridian Compensation Partners are the featured experts on this episode of The Executive Compensation Podcast. Marc Ullman, one of Meridian’s most trusted mentors and advisors, passed away in May 2021. Virginia has over 20 years of experience consulting in all areas of compensation, including program design, benchmarking, and governance in best practices.
In this episode, Virginia and Marc discuss why ESG is such a hot topic, both within the corporate world and in our culture and society. Companies realize that ESG initiatives add value for shareholders and stakeholders; if companies are truly committed to ESG metrics, they must consider if and how to compensate for those initiatives.
Virginia and Mark also offer advice for companies considering incorporating ESG into incentive plans, such as identifying and prioritizing metrics, whether incentives belong in annual or long-term plans, and how to prepare for common obstacles.
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