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Description of the topic:
Over the past two years, we have seen how Say on Pay and Dodd-Frank have increased the scrutiny on executive pay to unprecedented levels. Now, more than ever, we need to be mindful of the poor pay practices that can lead a company down a troublesome path. One of the key HR challenges is the development of responsible severance programs that will not cause your various stakeholders to vote against the Company in the Say on Pay vote. The attendees will gain clarity and insight into why these problematic issues exists in pay plans, and how by cleaning them up, the scrutiny will subside, and executive compensation can be used to attract, reward, motivate and retain your top talent while they are with you, and provide a soft landing when they leave your employ.
We will look at some examples of companies where egregious severance package and change in control agreements caused a media uproar, then look at best practices in this area, and wrap up with a look at some organizations that are model citizens when it comes to severance.
This interactive webinar will include open Q&A, interactive polls, and dialogue on the trends and best practices to implement to ensure you are being fair to your employees, shareholders, and the bottom line.
Dan Moynihan, Principal, Executive Compensation
Dan Moynihan is a Principal in Hay Group’s Metro New York office. Dan works closely with Boards and management on programs and plans that help to attract, retain, motivate and focus their top executive talent. Dan works directly with clients to clarify their compensation and human resource objectives to develop programs that maximize their resources and existing infrastructure. His responsibilities include the design and development of executive compensation programs that help to drive attraction, motivation, and retention of key personnel. He advises Boards and executives at number of public and private organizations, including Vitamin Shoppe, 1-800 Flowers, Cape Bank, Central European Distribution Corporation, American Water Works, Charming Shoppes, and GNC. Dan works across multiple sectors, including high technology, financial services, life sciences, healthcare, chemical, consumer products, insurance, manufacturing, and retail.