Our Insights

How to Deal with Equity Holdings During a Spin-Off

In today’s corporate environment, many companies face increasing pressure to deliver strong returns year in and year out. This pressure can be the catalyst for strategic business conversations that lead to acquiring, consolidating, divesting, or spinning off businesses. Read more

Correction to Dialogue Week of December 19

Due to an editing error last week, Dialogue incorrectly reported that Seattle had become the first city in the United States to tax companies based on the ratio of their CEO's pay to the median employee's pay when describing the Fortune story, "Why Portland's Drastic Move to Limit CEO Pay Will Make Virtually No Impact." We should have stated that Portland had become the first city, not Seattle. Read more

Past is Prelude in the Boardroom

If you’re a director, you can be excused for seeing the last 40 years of board history as a relentless chronology of regulatory growth. A key result has been more work and more personal risk — along with more worry about how outsiders view every move. Read more

Set Goals That Meet Stakeholder Expectations

In recent years, no subject in executive compensation has gotten greater focus than the shift toward formulaic, performance-based incentive plans. The advent of annual say on pay, coupled with the increasing attention of institutional investors and proxy advisers, has accelerated this trend and now made this practice the norm. The focus has thus changed to ensuring that the goals underlying such programs are sufficiently rigorous and robust. Read more

Preparing pay plans for what’s next

The oil environment over the past 18 months has raised a stiff challenge to energy-company compensation committees. In 2015, typical industry pay plans that were neatly crafted to reward executives for increased production and exploration paid off when executives delivered on their promises. But the payoff was often misaligned with share price performance, which fell dramatically across the industry. Read more