The L-Blast | September 2020

Dear All, Here we are, already the beginning of the fall season, and before we know it this year will be over. We hope you all are staying safe and the kids have had a good first few weeks of school. The L&A team has been busy as we enter Q4, refocusing our energies to finish the year as strongly...

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Industry Consolidation and Its Effects on Compensation

The corporate structure over the past 30 years has been predicated mainly around the regulations necessitated by actions taken by corporations that have ultimately resulted in negative consequences. A constant balancing act of an open-market economy vs. necessary regulation has seen corporations combat the forces of what they can and cannot do. Now, as we endure yet another macro-economic financial...

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Operational Resilience Gets a Makeover in the ‘New Normal’

The concept of operational risk applies to all industries, and the COVID-19 pandemic has proven to be an object lesson on how severe operational risk can be. What is the board’s role in overseeing operational resilience post-pandemic? This NACD BoardTalk article offers several considerations for directors.

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How Incentive Plan Payout Patterns Differ in a Pre- and Post-COVID-19 World

"Annual incentive plans are an important tool that companies use to tie compensation outcomes to company performance. Setting the right goals with the right degree of difficulty or “stretch” is the key to ensuring that payouts are appropriate relative to performance. In early 2020, most companies set goals for their annual incentive plans in the context of a relatively stable...

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CFOs Worry About Salary & Benefit Costs as Pandemic Drags On

Survey shows managers forecast higher salaries for the next 12 months. "Finance executives are increasingly worried about salary and benefit costs as they scrutinize company expenses amid the ongoing coronavirus pandemic, according to a third-quarter survey of about 1,070 executives released Thursday by the Association of International Certified Professional Accountants, a professional organization. Managers expect their costs for salaries and...

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