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Insights
A Collection of News, Views, and Resources
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Briefs
If You Thought Starbucks Coffee was Expensive
The appointment of Brian Niccol as chair and CEO of Starbucks effective September 9, 2024, challenges several widely held beliefs about executive compensation, including that tens of millions of dollars are an egregious amount to pay a CEO for “just showing up.” Starbucks will pay Niccol about $113 million in…
Read More > 08.27.2024
Briefs
Advancing Talent and Culture Governance in the Carolinas
What matters most to your board? Shareholder value Profitability Talent and human capital requirements All of the above because they are integrated In this NACD Carolinas Chapter event, our expert panel will go beyond compensation policies to understand the board’s role, and the expanding remit of the competition committee, in…
Read More > 08.22.2024
Briefs
Rethinking Executive Pay: Farient Explores New Governance Challenges
As Farient Advisors continues to expand globally, with teams now operating across four offices on two continents, this year’s all-staff offsite meeting took on heightened importance. With a focus on the evolving landscape of executive compensation, corporate governance, and talent management, the annual Summit provided a platform…
Read More > 08.19.2024
Briefs
Ferracone Elected to Newly Public Company Board
Robin A. Ferracone was named to the board and as compensation committee chair by the newly public TWFG, Inc. The board of the insurance and financial services platform company is comprised of six directors, four of whom are independent. Janet S. Wong, a certified public accountant and former senior partner…
Read More > 08.19.2024
Briefs
At GECN Group Annual Meeting, PvP, ESG, and Proxy Advisor Issues Dominate
The very idea of “global governance” was once oxymoronic. Those days are long past, as evidenced by the range of common cross-border policy and practice issues that dominated discussions at the annual meeting of the Global Governance and Executive Compensation (GECN) Group. The annual meeting serves to enrich, inform, and…
Read More > 07.11.2024
Briefs
Our Annual Roundup of What to Read, Watch, and Listen to
Cue up George Gershwin’s Summertime and read our third annual installment of what to read, watch, and listen to, a rich blend of books, film, and podcast recommendations. This year’s approach was to consult our savviest colleagues and the many “best of” lists. The result? A broad…
Read More > 06.11.2024
Briefs
Watch, Listen, Learn: Tesla’s Precedent-Setting ASM
Shareholders at Tesla’s annual meeting this week will vote anew on whether to approve Elon Musk’s 2018 performance-based compensation package. The package was revoked in April after a bench trial in Delaware Chancery Court. In the aftermath of Chancellor Kathaleen St. J. McCormick’s decision, Musk vowed to…
Read More > 06.11.2024
Briefs
The Impressive Rise of Climate Goals in Executive Compensation
Commitment to goals matters. A case study on Mastercard’s stakeholder incentives shows the extension of an environmental, social, and governance (ESG) modifier to all employee bonus plans globally—i.e., not just for executives. The expansion in 2022 was intended to encourage everyone to work together toward a common set of goals.
Read More > 05.28.2024
Briefs
Caps Off to Devon Furlong
Among the 2024 graduating class of Columbia’s MBA program is Farient Advisors’ Devon Furlong. Farient Founder and CEO Robin A. Ferracone applauded Furlong’s achievement and commended her for taking advantage of Farient’s educational program, which matches dollar for dollar the cost of an MBA: “This is…
Read More > 05.20.2024
Briefs
Beyond Pay: Comp Committees’ Remit Stretches Oversight Boundaries
It’s no longer just about pay. In the ever-evolving corporate governance landscape, the remit of compensation committees is at a tipping point. So says RJ Bannister, partner and COO at Farient Advisors, a compensation and corporate governance advisor with deep roots in how the work of compensation committees gets done.
Read More > 05.15.2024
Briefs
Tesla Seeks Shareholder Approval on Comp Plan, Relo to Texas
Elon Musk appears determined to win back his $56 billion compensation package rescinded in February by a Delaware Chancery Court judge ruling following a bench trial. In a preliminary proxy statement filed April 17 in advance of its annual meeting, Tesla asked shareholders to vote “for” Musk’s…
Read More > 04.23.2024
Briefs
Corporate Commitment to ESG Driven by Value Creation
There is no turning back. Corporate focus on long-term value inextricably links to environmental, social, and governance (ESG) factors. Despite “anti-woke” sentiment heightened by state and federal politics, the business case for adopting sustainability strategies is reflected by the growing number of companies in multiple geographies and industries that incorporate…
Read More > 04.23.2024
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