The Knowledge Congress Has Scheduled a Live Webcast on Performance-Based Long-Term Incentive Plans: Are They Effective? How to Improve Shareholder Alignment Live Webcast
New York, NY, October 01, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, brings together the world's leading authorities and industry participants through informative two -hour webcasts. It has scheduled a live webcast entitled: “Performance-Based Long-term Incentive Plans: Are They Effective? How to Improve Shareholder Alignment LIVE Webcast.” This two-hour event is scheduled on October 22, 2013 from 12:00 PM to 2:00 PM ET.
For further details and updated list of speakers, please visit: http://www.knowledgecongress.org/event_2013_Improve_Shareholder_Alignment.html
The form and amount of equity-based compensation awarded to public company executives is a highly publicized and controversial topic. A clear decline in stock option grants has occurred in favor of performance-based long-term incentive plans (“LTIPs”). This can be attributed to a number of factors, including mandatory expensing of stock options, increased pressure by shareholder advisory groups to grant performance-based awards, the perception that stock options may induce unnecessary risk taking. Designing an effective and aligned performance-based LTIP is a complex and time-consuming undertaking. To understand how well these plans have worked, Grant Thornton has conducted ongoing examination of over 200 plans implemented by about 100 S&P 500 companies from 2007 to 2012. The study examined the degree to which plan payouts “tracked” to the total shareholder return (TSR) realized by each company. Grant Thornton’s study highlighted the importance of conducting capital market analyses of the company’s stock as part of the plan design process.
The panel will discuss the following issues:
· Study findings: how did the various plans payout vs. shareholder return over the same time period? How did this compare to compensation realizable from time-vested restricted stock or stock option over the same time period.
· Case studies and lessons learned: which plans worked best - cash-based vs. equity-based, financial metric vs. RTSR, and how did they impact the company’s pay-for-performance effectiveness?
· Success factors to consider for the “next wave” of such plans.
· How to consider capital markets characteristics in determining the right mix of long-term incentives; and how to use this information in discussions with shareholders and proxy advisory firms.
Donald Nemerov, Executive Director, Compensation and Benefits, Grant Thornton LLP
Robert McCormick, Chief Policy Officer, Glass, Lewis & Co.
Matthew G. Isakson, Consultant, Meridian Compensation Partners, LLC
Larry W. Miller, Managing Director, Innisfree M&A Incorporated
Mark R.S. Foster, Partner, Morrison & Foerster LLP
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries.
The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series