Hostettler, Kramarsch & Partner and Pay Governance LLC Announce Strategic Alliance in Europe and U.S.

Transatlantic partnership to serve compensation consulting needs of global clients.

New York, NY, May 28, 2011 --( Pay Governance, LLC, an independent and non-affiliated compensation consulting firm, has formed a strategic alliance with Hostettler, Kramarsch & Partner (hkp///), an independent European consulting firm focused on performance management and compensation based in Frankfurt, Germany and Zurich, Switzerland, the two firms announced today.

The new transatlantic partnership of the two independent partner-led consulting firms will serve clients globally by combining extensive expertise in their specific geographic regions, access to knowledgeable market insights and analysis of emerging trends. The alliance is based on a comprehensive pool of expertise in the two firms' respective consulting areas, as well as, shared business and professional values.

Pay Governance and hkp/// offer their clients extensive knowledge and access to in depth research and market insights. Both firms possess the broad industry experience required to guide Boards of Directors and senior management in the design and development of effective management compensation programs for companies in the U.S., Canada and Europe.

They will both continue to serve their clients as fully independent companies in their respective markets. This alliance will enable them to work jointly on client projects, market research and marketing activities. For example, the two firms will jointly organize and present co-branded client workshops and events.

Both firms are comprised of seasoned and highly successful executive compensation consulting professionals. In addition, hkp/// Managing Partner Michael H. Kramarsch and Pay Governance Managing Partner John England as well as other partners of both firms have worked together on joint consulting projects for more than a decade while serving as Principals with Towers Perrin, in both Germany and the U.S.

“Our alliance is the formation of a global footprint of leading consulting firms in their respective markets which is to the benefit of our clients. In particular, multinational companies will profit from our identically high standard approach, similar fields of expertise and high caliber of consulting individuals,” says Michael H. Kramarsch, hkp/// Managing Partner.

Pay Governance Managing Partner John England said: “Our firm has been built as an independent and partner-led advisory at a time when the market need for independent advice for Board of Directors and compensation committees has increased. Our large and rapid success underpins the market’s need for high quality, independence and specialization instead of large, integrated professional service firms.”

This strategic alliance reflects the growing demand for truly independent consulting services. Faced with greater regulatory scrutiny of potential conflicts of interest, companies are increasingly turning to consultants who are unencumbered by ties to other business relationships. Pay Governance and hkp/// have the depth of knowledge, expertise, and resources needed for high level counsel to Boards and Compensation Committees on executive compensation pay issues.

For more details on Pay Governance's alliance with hkp/// or to schedule an interview with its partners, please call Don Rountree at 770-645-4545.

Background information
Pay Governance LLC is an independent, consulting firm focused on delivering advisory services to compensation committees. The consultancy also advises the management of companies in situations where the firm does not serve as the independent committee advisor. With staff of around 50 consultants, Pay Governance has locations throughout the United States, in locations such as New York, Boston, Philadelphia, Tampa, Chicago, St. Louis, Dallas, San Francisco, and Los Angeles.

Hostettler, Kramarsch & Partner (hkp///) is an independent and partner-managed, European management consulting company based in Zurich/Switzerland, Frankfurt am Main/Germany and with a research centre in Kiev/Ukraine. The consultancy’s main points of focus are performance management, executive compensation, financial and risk management, talent management, board services as well as banking services. The hkp/// consulting approach integrates the requirements of financial and HR management strategies and links the performance management at company level with that at the staff level. The hkp/// Partners have had many years of international consulting experience and are acknowledged experts in the market; highly regarded as competent partners by executive and supervisory boards as well as by top managers and specialists.

Pay Governance LLC
Don Rountree