Martin Somelofske, Northeast Practice Leader, Executive Compensation, Hay Group to Speak at KCís Legal Series: Say on Pay and Executive Compensation Litigation Event
New York, NY, January 16, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Martin Somelofske, Northeast Practice Leader, Executive Compensation, Hay Group will speak at the Knowledge Congress’ webcast entitled: “Legal Series: Say on Pay and Executive Compensation Litigation.” This event is scheduled for May 9, 2013 from 12:00pm – 2:00pm (ET).
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About Martin Somelofske
Martin Somelofske is a Senior Principal and Northeast Practice Leader for Executive Compensation in Hay Group’s Metro New York office.
Martin has 20 years of experience providing executive compensation advisory services to a broad range of public and privately held organizations in diverse industries. Martin advises Boards and executives on all matters related to executive compensation and benefits.
Martin’s expertise centers on performance management, executive reward program design, and the alignment of reward programs with organizational and stakeholder value. In addition, Martin often assists clients with Board governance issues.
Martin is a frequent speaker at national and regional conferences as well as presenting often to Boards and compensation committees. In addition to authoring several published articles, Martin has also made numerous presentations at universities and human resources conferences around the world including those in Dublin, Hong Kong, Seoul, Singapore, Beijing, Shanghai, and Guangzhou.
Prior to joining Hay Group, Martin was a Managing Director with PwC and was Principal and Practice Leader of the Compensation Consulting Group for Deloitte Consulting LLP in New York. Martin also previously worked with KPMG Peat Marwick and in the Washington, D.C. office of Towers Perrin. He began his career with the Sibson Company in Princeton, N.J.
About Hay Group
Hay Group is a global management consulting firm that works with leaders to transform strategy into reality. We develop talent, organize people to be more effective and motivate them to perform at their best. Our focus is on making change happen and helping people and organizations realize their potential. We have over 2600 employees working in 85 offices in 48 countries. Our insight is supported by robust data from over 125 countries. Our clients are from the private, public and not-for-profit sectors, across every major industry. For more information please contact your local office through www.haygroup.com.
One of the key trends affecting companies of all sizes is the derivative lawsuits filed by shareholders in relation to say-on-pay votes and strike suits alleging inadequate disclosure of the terms of such programs. Common grounds for shareholder derivative lawsuits include breach of fiduciary duties through the pursuance of executive compensation plans despite shareholders’ disapproval; vote on say-on-pay is negative; and company experienced poor financial performance among others. Aggressive plaintiff lawyers are also bringing suits seeking to enjoin shareholder votes based upon a claim of insufficient disclosure of the executive compensation programs. Though most of the complaints are without merit and many have been dismissed due to failure of plaintiffs to satisfy demand standards, this recent trend will likely continue. Employers and their board of directors must be ahead of the curve and gain a complete understanding of recent developments in say on pay and executive compensation litigation and what these could mean to their business.
In a two-hour live webcast, a panel of distinguished experts assembled by The Knowledge Group will offer substantive discussions this significant topic, cite and analyze recent cases and offer best practices to avoid potential costly litigation pitfalls.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.