Anne Sheehan CalSTRS
Newseum Washington, DC February 22
- Executive compensation
- Using technology to improve communication between boards and shareowners
- Director qualifications
- Enhancing communications through committee reports
Ken Daly Glenn Booraem Vanguard Group Donna Anderson T. Rowe Price Rob Galford Forrester Research John Gorman SmartPros Rich Daly Broadridge Financial Solutions Denny Beresford Fannie Mae Kimberly-Clark Legg Mason NACD
One hot topic of the discussion was executive compensation, specifically issues around say-on-pay. The recommendations from the group included ensuring that payment was tied to performance, minimizing guarantees to ensure that pay will be at risk if the company does not perform well, and the idea that the strategy of the business should be the primary driver in developing the compensation structure.
"Directors are the investors’ representatives in the boardroom," said Sheehan. "Investors want to know what skills they bring to the table and how individual director’s experience complements the entire board. Knowing that the board represents a balanced team that is well-equipped to move the company forward gives investors confidence."
Henry Stoever , Director of Marketing
202.775.0509 and [email protected]
SOURCE National Association of Corporate Directors