Agenda: Employees Watching Exec Pay, Consultants Say

by Melissa J Anderson

Employees will be watching compensation decisions closely this year, consultants tell Agenda. Accordingly, experts say, it’s important that proxy disclosures be clear and concise, and that they explain carefully why any adjustments to executive incentive pay were made.

Robin Ferracone, CEO of Farient Advisors and a director on the board of Trupanion, says that directors were more focused through 2020 on the health and well-being of their employees and are now turning their attention to shareholder concerns.

“What companies wanted to do last year is make sure employees were safe and taken care of from a benefits perspective, a health perspective and a work-from-home perspective,” she says.

“The shareholder concerns are still there and companies are paying attention to how is this going to be viewed by the shareholder, whatever moves they’re making. And I think they’re taking advantage of the ability to have a more robust disclosure in their 10-K to explain how they thought about their workforce during this time.”

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About Robin Ferracone

Founder and CEO, Farient Advisors/GECN Group

New York: (646) 626-6931
Los Angeles: (626) 799-2700
robin.ferracone@farient.com

As the founder and CEO of Farient Advisors LLC, Robin has led the strategic development and expansion of the executive compensation, performance, and corporate governance advisory firm. Her client work focuses on providing high-impact decision-making support and organizational solutions based on insightful market insights.

With over 30 years of consulting experience, Robin advises clients in business and talent strategies, executive compensation, organization, value management, and performance measurement. She is the author of Fair Pay Fair Play: Aligning Executive Performance and Pay (John Wiley & Sons, 2010). In addition, Robin has authored numerous articles, is a regular contributor to Forbes.com and Directorship magazine, and is often quoted in national publications. She is a frequent presenter for prominent organizations such as the Council of Institutional Investors, Society for Corporate Secretaries and Governance Professionals, the National Association of Corporate Directors (NACD), and The Conference Board.

Robin formerly served on the board of directors of Trupanion, Inc., where she chaired the compensation committee. In addition, Robin is a trustee emeritus of Duke University. She currently chairs the board of WildAid and is a member of 5050 Women on Boards, NACD, Women Corporate Directors, YPO Gold, and the Trusteeship. For 12 years, Robin has been named to the NACD Directorship 100, a list of the most influential people in corporate governance and the boardroom. In 2014, she was selected as one of EY’s Entrepreneurial Winning Women, an annual competition recognizing female entrepreneurs. Robin is also a founding partner of the Global Governance and Executive Compensation (GECN) Group collectively serving clients in more than 35 countries across five continents.

Robin received an MBA from Harvard Business School and a BA in management science and economics from Duke University.

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