Join SVDX for a webinar, co-hosted by Shearman & Sterling about compensation strategies.
The brave new world of extreme market volatility, cash and liquidity scarcity, and looming uncertainty about the future of the economy are prompting even the most blue-chip companies to retrench and implement or consider reductions in pay, furloughs, and layoffs. The scrutiny and possible reduction of compensation for senior executives is now, more than ever, fair game for shareholders, activists, the government, and even a company's own rank and file. Boards are on notice that shareholders and other stakeholders are keenly attentive to how much and under what circumstances executives are paid during these difficult times. This session will explore if and how boards should consider reductions in compensation to executives including the pros and cons of broad reductions in cash pay, trading cash for equity, the reworking of short term/bonus metrics, repricing options, and even whether boards themselves should consider a pay cut as a sign of solidarity with impacted employees.
SPEAKERS
DOREEN LILIENFELD
Doreen E. Lilienfeld is Global Head of the Governance & Advisory Group and the Team Leader of the Compensation, Governance and ERISA practice at Shearman & Sterling. She focuses on a wide variety of compensation-related matters, including the design and implementation of retention and compensation plans, disclosure and regulatory compliance, and employment negotiations with senior executives.
F. DANIEL SICILIANO
F. Daniel Siciliano is a successful technology CEO-founder and entrepreneur, as well as Chairman of the board of the Federal Home Loan Bank of San Francisco, and a recognized expert in corporate strategy and governance, capital financial markets, technological disruption. He is currently Chairman of SVDX and a fellow at Stanford University.