Mark R.S. Foster, Partner, Morrison & Foerster LLP to Speak at Knowledge Congress’ Live Webcast
New York, NY, October 12, 2013 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Mark R.S. Foster, Partner, Morrison & Foerster LLP, will speak at a 2-hour webcast entitled “Performance-Based Long-term Incentive Plans: Are They Effective? How to Improve Shareholder Alignment Live Webcast.” This two-hour event is scheduled on October 22, 2013 from 12:00 PM to 2:00 PM ET.
For further details and updated list of speakers, please visit:
http://www.knowledgecongress.org/event_2013_Improve_Shareholder_Alignment.html
Event Synopsis:
The form and amount of equity-based compensation awarded to public company executives is a highly publicized and controversial topic. A clear decline in stock option grants has occurred in favor of performance-based long-term incentive plans (“LTIPs”). This can be attributed to a number of factors, including mandatory expensing of stock options, increased pressure by shareholder advisory groups to grant performance-based awards, and the perception that stock options may induce unnecessary risk taking. Designing an effective and aligned performance-based LTIP is a complex and time-consuming undertaking, and raises a number of governance issues and risks for companies and Boards.
The panel will discuss the following issues:
- Insights from Grant Thornton’s examination of over 300 plans implemented by about 100 S&P 500 companies from 2007 to 2012, including how did the LTIPs pay out as compared to shareholder return? How did this compare to compensation realizable from time-vested restricted stock or stock option? Which plans worked best: for example, financial-based plans vs. plans based on a relative return (“RTSR”) metric? How to consider capital markets characteristics in determining the right mix of long-term incentives.
- Institutional shareholders and the leading proxy advisory services view of long-term incentive plans.
- The changing role of Compensation Committees in developing performance-based long-term incentive plans
- New litigation risks related to executive compensation, say-on-pay, and stock-incentive plans
About Mark Foster
Mark Foster is a partner in Morrison & Foerster’s San Francisco office. He focuses on representing public companies, and their directors and officers in securities fraud class actions, shareholder derivative lawsuits, and special investigations. Mr. Foster routinely defends clients against investor lawsuits that allege violations of federal and state securities laws, breach of fiduciary duty, and insider trading. Mr. Foster has extensive experience with litigation under the Securities Act of 1933, the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act, the Securities Litigation Uniform Standards Act, the California Corporations Code, and Delaware corporate law. Mr. Foster has won dispositive pre-trial motions, prevailed on the merits at trial, and preserved victories on appeal.
Mr. Foster’s recent experience includes the successful defense of directors and public companies against challenges to their proxy statements in lawsuits that targeted the adequacy of disclosures about executive compensation in connection with say-on-pay votes mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as votes on amendments to stock incentive plans.
About Morrison & Foerster LLP
Morrison & Foerster is a global firm of exceptional credentials. With more than 1,000 lawyers in 16 offices in key technology and financial centers in the United States, Europe and Asia, the firm’s clients include some of the largest financial institutions, investment banks, Fortune 100, technology and life science companies. Morrison & Foerster has been included on The American Lawyer’s A-List for 10 straight years, Chambers Global named MoFo its 2013 USA Law Firm of the Year, and Chambers USA named the firm both its 2013 Intellectual Property and Bankruptcy Firm of the Year. In addition, BTI named MoFo among its 2013 Brand Elite. The firm’s lawyers are committed to achieving innovative and business-minded results for its clients.
To learn more about Mark Foster and Morrison & Foerster LLP please visit: www.mofo.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org
For further details and updated list of speakers, please visit:
http://www.knowledgecongress.org/event_2013_Improve_Shareholder_Alignment.html
Event Synopsis:
The form and amount of equity-based compensation awarded to public company executives is a highly publicized and controversial topic. A clear decline in stock option grants has occurred in favor of performance-based long-term incentive plans (“LTIPs”). This can be attributed to a number of factors, including mandatory expensing of stock options, increased pressure by shareholder advisory groups to grant performance-based awards, and the perception that stock options may induce unnecessary risk taking. Designing an effective and aligned performance-based LTIP is a complex and time-consuming undertaking, and raises a number of governance issues and risks for companies and Boards.
The panel will discuss the following issues:
- Insights from Grant Thornton’s examination of over 300 plans implemented by about 100 S&P 500 companies from 2007 to 2012, including how did the LTIPs pay out as compared to shareholder return? How did this compare to compensation realizable from time-vested restricted stock or stock option? Which plans worked best: for example, financial-based plans vs. plans based on a relative return (“RTSR”) metric? How to consider capital markets characteristics in determining the right mix of long-term incentives.
- Institutional shareholders and the leading proxy advisory services view of long-term incentive plans.
- The changing role of Compensation Committees in developing performance-based long-term incentive plans
- New litigation risks related to executive compensation, say-on-pay, and stock-incentive plans
About Mark Foster
Mark Foster is a partner in Morrison & Foerster’s San Francisco office. He focuses on representing public companies, and their directors and officers in securities fraud class actions, shareholder derivative lawsuits, and special investigations. Mr. Foster routinely defends clients against investor lawsuits that allege violations of federal and state securities laws, breach of fiduciary duty, and insider trading. Mr. Foster has extensive experience with litigation under the Securities Act of 1933, the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act, the Securities Litigation Uniform Standards Act, the California Corporations Code, and Delaware corporate law. Mr. Foster has won dispositive pre-trial motions, prevailed on the merits at trial, and preserved victories on appeal.
Mr. Foster’s recent experience includes the successful defense of directors and public companies against challenges to their proxy statements in lawsuits that targeted the adequacy of disclosures about executive compensation in connection with say-on-pay votes mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as votes on amendments to stock incentive plans.
About Morrison & Foerster LLP
Morrison & Foerster is a global firm of exceptional credentials. With more than 1,000 lawyers in 16 offices in key technology and financial centers in the United States, Europe and Asia, the firm’s clients include some of the largest financial institutions, investment banks, Fortune 100, technology and life science companies. Morrison & Foerster has been included on The American Lawyer’s A-List for 10 straight years, Chambers Global named MoFo its 2013 USA Law Firm of the Year, and Chambers USA named the firm both its 2013 Intellectual Property and Bankruptcy Firm of the Year. In addition, BTI named MoFo among its 2013 Brand Elite. The firm’s lawyers are committed to achieving innovative and business-minded results for its clients.
To learn more about Mark Foster and Morrison & Foerster LLP please visit: www.mofo.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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