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An investment/financial services company with 100 total employees

The Situation

The Compensation Committee of the Board wanted to make sure its executive compensation plans were appropriate and did not create unintended consequences or impediments to unwind them. The Committee also wanted a thorough assessment of the CEO’s total compensation package with a recommended approach for a new package, as his employment agreement was expiring.

The Deliverables

  • A review of the executive team’s compensation package to determine whether it was reasonable.
  • A review of the external competitiveness of the executives’ total rewards package as compared to industry benchmarks and best practices.
  • A competitive assessment of the CEO’s total compensation package as well as recommendations for changes to this package.

The Results Achieved

  • The Compensation Committee felt that the review was very thorough. As a result of the review, certain changes were made to the deferred compensation and equity components of the executives’ plans.
  • The Compensation Committee and the CEO were pleased with the revised total compensation package that replaced the prior employment agreement.