Event Summary:
Companies and investors now have one year of experience with the SECs new pay versus performance (PvP) disclosure rules. Companies put tremendous effort into preparing these new disclosures which require companies to report a new compensation measure Compensation Actually Paid (AP) that reflects the year end value of unvested equity grants. Companies reported a three year history of CAP in 2023 but need to report a four year history in 2024 and a five year history in 2025 and later years. To help investors understand how pay is related to performance, companies have to report their own cumulative TSR for each year, cumulative industry TSR for each year, their own net income and the most important financial measure (after TSR and net income) for determining CAP.
In the first year, companies struggled to find the best way to tell their story about this complex disclosure. Investors and proxy advisors also struggled to understand the new disclosures and relate them to their proxy voting decisions and recommendations.
Join us in this CLE Webcast as The Knowledge Group presents two compensation experts to help companies and investors understand the new disclosures and how they can be used to assess company incentives, alignment with relative performance and compensation cost.
Key topics that will be covered in this discussion are:
The New PvP Rule: An Overview of Key Components
Understanding the PvP Table: Critical Insights
Best Practices to Prepare for 2023 Proxy Disclosure Requirements
How to Use the Data to Measure Key Pay Dimensions: Incentive Strength, Alignment and Cost
Speakers/Faculty Panel
Terry Adamson, CEP, FGE
Partner
Infinite Equity
Stephen O’Byrne
President
Shareholder Value Advisors Inc.
For an updated list of the faculty panel, please visit:
https://knowledgewebcasts.com/know-portfolio/secs-pay-versus-performance-rule-cle-2023/
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.
The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you cant get anywhere else.
Contact:
Therese Lumbao
Director, Member Services
The Knowledge Group, LLC
info ( @ ) theknowledgegroup dot org
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