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Directors Willing to Walk a ‘Delicate’ Line on Retention Awards—Agenda
October 15, 2024
Investors and proxy advisors may not always approve of special awards to top executives, but directors are increasingly willing to risk backlash to keep or attract leading talent, according to new research from Farient and Corporate Board Member. In this Agenda article, Farient’s R.J. Bannister dissects the data and why directors feel that the long-term benefits of special awards often outweigh the short-term drawbacks of a lower Say-on-Pay vote. Bannister also elaborates on why boards are seeing the need to be more proactive on CEO succession planning.
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About R.J. Bannister
Partner, COO, Farient Advisors/GECN Group, New York
New York: (646) 626-6929
Mobile: (917) 747-3985
rj.bannister@farient.com
R.J. has 30-plus years of experience consulting to the S&P 1500 and large private companies representing the board’s compensation committee or management, and sometimes both parties. R.J. has worked with hundreds of companies on their total rewards strategy and executive compensation philosophy to align pay programs with business strategy. His ability to create alignment results from deep insights on industry and compensation trends; sophisticated financial, market, and compensation analytics; and impactful, easy-to-implement solutions. He has worked in nearly every industry sector and extensively with private equity companies. Before joining Farient, R.J. was the founder and CEO of Bannister Group LLC, an executive compensation and total rewards consultancy he founded in 2019 after retiring as a managing director from Willis Towers Watson. R.J. holds an MSc in economics from the London School of Economics and a BS in economics from the University of Pennsylvania’s Wharton School with a triple concentration in corporate finance, strategic management, and international political science.
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