Executive Compensation - Trends and Regulatory Updates
With all that's new in the world of executive compensation, 2019 is shaping up to be one of the most challenging in many years for directors to navigate.
First, new tax rules will change the manner in which incentive compensation programs, both short and long term, are designed and administered. Second, recent court decisions have created the need to assure that existing pay programs, especially for the board of directors, are properly designed to protect the board from the potential of shareholder litigation. Third, ISS and Glass Lewis continue to expand the manner in which they assess executive compensation and board compensation and finally, changes in compensation practices and rules in Europe and Asia have in the past served as the birthplace for changes in the US. We will take a look at that as well.
Join our panel of experienced corporate directors and experts for a discussion of the key compensation issues with which every director of public and private companies must be aware.
Steven Hall, Managing Director, is a founding Partner of Steven Hall & Partners and has
consulted for more than 25 years with senior management and Board Compensation
Committees in planning and implementation of senior executive compensation programs
and incentives for corporations, subsidiaries, business units, spins and divestitures. His
strong technical background in tax, accounting and finance is of major importance in the
design of innovative remuneration programs, including partnerships, LLC carried interests
and side-by-side investments. In addition to managing the Firm, Mr. Hall personally leads
Steven Hall & Partners’ practice among global corporations and in the financial services,
real estate, regulated utility and energy sectors. He also serves as expert witness and
consults with corporations and law firms on litigation matters. He is a member of the faculty
of the National Association of Corporate Directors where he teaches courses related to
executive and director compensation, and best practices in compensation committee
Mr. Hall, who holds a B.A. in Economics and an M.B.A. in Accounting, is a Certified Public
Accountant. His prior experience was with Pearl Meyer & Partners as President and cofounder,
Ernst & Young, Handy Associates and as Chief Financial Officer of two private
Board of Directors Korn Ferry, Chair of the Compensation and Personnel Committee, Korn Ferry; Retired Global Managing Director at Deloitte
Mr. Leamon served as Global Managing Director for Deloitte & Touche until 2012, having responsibility for all of Deloitte’s businesses at a global level. In a career of almost 40 years, 31 of which as a partner, he held numerous roles of increasing responsibility. Previously, he served as the leader of the tax practice, both in the U.S. and globally, and had responsibility as Global Managing Director for all client programs including industry programs, marketing communication and business development. In addition, he was leader of the M&A practice for more than ten years. Throughout his career he served some of Deloitte’s largest clients.
Mr. Leamon serves on a number of boards of public, privately held and non-profit organizations, including Korn Ferry, Credit Suisse USA, Geller & Company, and serves as the Chairman of the Americares Foundation. Mr. Leamon is also a Senior Advisor to Lead Edge Investments. He is also a former member of the University of Cincinnati Foundation and Board and serves as a member of the Business Advisory Council of the Carl H. Linder School of Business.
Mary McDowell has over 30 years of operating experience in both public and private technology companies.
Most recently, Mary was the CEO and member of the board for Polycom, Inc., a leader in enterprise communications and collaboration. She led the company through a take-private in 2016 to an early, successful exit in 2018. Prior to joining Polycom, Mary was an Executive Partner at Siris Capital, LLC.
Mary chairs the Compensation Committee for the California-based Autodesk, Inc, a multinational software company. Autodesk serves the architecture, engineering, construction, manufacturing, media, and entertainment industries, building software that helps people imagine, design, and make a better world. Mary is also a Non-Executive Director at the London-based Informa plc, a leading business intelligence, academic publishing, knowledge and events company, and a member of the Remuneration Committee. She previously served as a NED of UBM plc (acquired by Informa) and as board member and Compensation Committee Chair for the Austin-based Bazaarvoice, Inc.
Mary was executive vice president at Nokia from 2004-2012 and led the company’s global feature phone business. Prior to Nokia she was senior vice president and general manager of the Industry-Standard Server Group at Hewlett Packard and Compaq for five years, leading a multi-billion-dollar business and the world's largest server franchise.
Head of Product and Compensation Business, ISS Corporate Solutions
As Head of Product and Compensation Business for ISS Corporate Solutions (ICS), Roy is responsible for the executive compensation business segment within ICS and oversees the management and strategy for all ICS products across its suite of compensation, corporate governance, sustainability, and financial solutions.
Previously, Roy was the Head of Global Compensation Products at ISS, leading a team of product managers and responsible for product strategy and platforms across global markets serving corporations, boards, and institutional investors.
Prior to joining ISS, Roy held multiple product management positions with small and large companies including Equity Methods, Merrill Lynch, Bank of America, and Incentive Lab which was acquired by ISS in 2014.
With over 15 years of business and product experience in progressive leadership roles, Roy is an industry leader with a demonstrated track-record of innovation and deep experience in meeting the needs of global corporations. He holds degrees in Finance and Computer Information Systems from the W.P. Carey School of Business at Arizona State University.