Robert McCormick, Chief Policy Officer of Glass, Lewis & Co. to Speak at Knowledge Congress’ Live Webcast
New York, NY, October 15, 2013 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Robert McCormick, Chief Policy Officer of Glass, Lewis & Co., 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 Robert McCormick
Bob oversees the policy development of Glass Lewis’ proxy voting guidelines and the analysis of 20,000 Proxy Paper research reports. Bob formerly managed the proxy voting for Fidelity Investments. He serves on the board of the Northern California Chapter of the NACD and the ICGN Shareholder Rights committee. Bob serves on the Advisory Board of the University of Delaware’s Weinberg Center on Corporate Governance. Bob frequently speaks at industry conferences and has appeared on NPR, CNBC, Fox Business News, Business News Network, BBC, Board Member's This Week in the Boardroom, and Bloomberg television. Bob was named one of the 100 most influential people on corporate governance by Directorship magazine from 2008 through 2012.
About Glass, Lewis & Co.
Glass Lewis is the leading, independent, governance analysis and proxy voting firm, serving institutional investors globally that collectively manage more than $15 trillion in assets. With research focused on the long-term financial impact of investment and proxy vote decisions, Glass Lewis empowers institutional investors to make sound decisions by uncovering and assessing governance, business, legal, political and accounting risks at more than 23,000 companies in 100+ countries.
To know more about Robert McCormick and Glass, Lewis & Co. please visit: www.glasslewis.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 Robert McCormick
Bob oversees the policy development of Glass Lewis’ proxy voting guidelines and the analysis of 20,000 Proxy Paper research reports. Bob formerly managed the proxy voting for Fidelity Investments. He serves on the board of the Northern California Chapter of the NACD and the ICGN Shareholder Rights committee. Bob serves on the Advisory Board of the University of Delaware’s Weinberg Center on Corporate Governance. Bob frequently speaks at industry conferences and has appeared on NPR, CNBC, Fox Business News, Business News Network, BBC, Board Member's This Week in the Boardroom, and Bloomberg television. Bob was named one of the 100 most influential people on corporate governance by Directorship magazine from 2008 through 2012.
About Glass, Lewis & Co.
Glass Lewis is the leading, independent, governance analysis and proxy voting firm, serving institutional investors globally that collectively manage more than $15 trillion in assets. With research focused on the long-term financial impact of investment and proxy vote decisions, Glass Lewis empowers institutional investors to make sound decisions by uncovering and assessing governance, business, legal, political and accounting risks at more than 23,000 companies in 100+ countries.
To know more about Robert McCormick and Glass, Lewis & Co. please visit: www.glasslewis.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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