Nov. 4, 2013 Compensation Committee Chair Advisory Council Summary of Proceedings
On Nov. 4, 2013, NACD, Farient Advisors, and Gibson, Dunn & Crutcher co-hosted the fourth meeting of the Compensation Committee Chair Advisory Council in Washington, D.C. The session brought together compensation committee chairs from Fortune 500 companies with senior leaders from major institutional investors and the Securities and Exchange Commission (SEC) for candid dialogue on the challenges and issues currently facing the compensation committee.
Meeting discussion focused on the following areas:
- Assessing the relationship between pay and performance, including the value of common definitions and performance periods, as well as the treatment of key components of executive pay.
- Enhancing the effectiveness of compensation disclosures, in particular issues related to the scope of disclosures and the formatting of information in the proxy statement.
- Perspectives on pending Dodd-Frank provisions related to executive compensation.
- Advisory council priorities for 2014.