Advisors to SEC: Postpone the PvP Rule, Please – Agenda

October 7, 2022

In an interview with Agenda, Farient’s Marc Hodak says that despite the SEC trying to limit distortions in the disclosure with the recently passed pay-versus-performance (PVP) rule, there is still a strong likelihood of unintended consequences. Companies subject to SEC regulations are for the 2023 proxy season required to comply with the PVP rule amid growing backlash from businesses who have written to the SEC requesting a postponement. Letter signatories propose that the rule be delayed until all the issues, including the cost of implementation, can be fully understood. Access the full article below.

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About Marc Hodak

Marc Hodak Farient headshot SEC rule

Partner, Farient Advisors, Dallas

New York/Dallas
Mobile: (917) 532-2716
marc.hodak@farient.com

Marc works closely with senior management, boards of directors, and investors, in both public and private companies to develop executive compensation programs that are shareholder-friendly, attractive to management, and responsive to the needs and concerns of boards.

He is a recognized thought leader in incentive plan design. His articles have been published in numerous magazines, including ForbesNACD DirectorshipDirectors & Boards, and academic journals. He has been quoted in the national press, including the Wall Street Journal, Bloomberg, and Reuters.

He is a sought-after speaker at forums and conferences throughout the U.S. and Europe on executive compensation, corporate governance, and value management. Marc was named to the 2020 NACD Directorship 100, a list of the most influential people in corporate governance and the boardroom.

For the last 10 years, Marc has taught corporate governance as a professor at NYU’s Stern School and as visiting lecturer at the University of St. Gallen in Switzerland. Before joining Farient, Marc was the principal at Hodak Value Advisors and led value-based management implementation and related projects at Stern Stewart & Co. He earned his MBA in finance from the University of Pennsylvania Wharton School and a BS in aerospace engineering from the University of Maryland.

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