L&A Orginal Article: Executive Compensation Across Industries

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MAJOR COMPONENTS (OR "BUCKETS") OF EXECUTIVE COMPENSATION ARE FUNDAMENTALLY SIMILAR IN PUBLICLY TRADED COMPANIES ACROSS ALL INDUSTRIES. We at L&A understand that although similar in function, there are certainly unique characteristics in every company’s respective compensation philosophy and pay programs. It is, however, worth mentioning that no matter how unique a company may be (i.e. industry), L&A has found more...

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L&A Original Article: The Discussion on Director Pay

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.. Not to be left out of the transformative world we are living in today, corporate governance norms, board compositions, and board compensation are undergoing material change. As many companies are entering the time of year where they review their director pay programs, we thought it timely to touch on this topic, review some trends taking hold and put forth some...

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2019 ISS Benchmarking Policy Survey – Key Findings

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L&A REPORTS KEY FINDINGS IN ISS 2019 SURVEY On Sept. 11, 2019, Institutional Shareholder Services Inc. (ISS) announced the results of its 2019 Global Policy Survey based on respondents including investors, public company executives and company advisors. ISS will use these results to inform its policies for shareholder meetings occurring on or after February 1, 2020. ISS expects to release...

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L&A Original Article: Running Effective Board and Committee Meetings

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L&A attends over 100 board and committee meetings annually. Each meeting is unique; however, there is a key factor that makes a meeting and its discussions fruitful: PREPARATION. Benjamin Franklin once said “failing to prepare is preparing to fail.” L&A agrees with this adage, as an effective meeting can leave your team focused and energized. In fact, a single good...

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L&A Original Article: Process for Pay in “BK” (Bankruptcy)

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FINANCIAL RESTRUCTURINGS, WHILE NOT AN ENJOYABLE PROCESS, ARE SOMETIMES A NECESSARY STEP TO ENSURE FUTURE FINANCIAL SUCCESS. In order to achieve a successful restructuring, companies need to deploy the right compensation strategies in this volatile environment that will retain and motivate key talent to see the process through. In this article, we review the tools available to companies going through...

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L&A Original Article: A Proxy Statement is Not a Bank Statement

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If you do an internet search for “CEO pay”, you get 807 million hits, and most of those are “hits” on CEO pay. Some are warranted, and many are not.   Nowhere is this truer than CEO pay in the energy business in 2019.  Many investors rotated out of public energy investments over the past several years, in spite of...

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L&A Original Article: Executive Compensation Best Practices for 2020 Series 1 – Public Companies

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Companies often ask us, “What are we not doing that we should think about as it relates to executive compensation?” We recognize the executive compensation environment is continually heating up with pressure from just about every angle, and as a result, the answers to this question periodically change. As such, we have compiled a few thoughts applicable for the current...

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L&A Original Article: Compensation Resolutions for the New Year

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While many businesses have a solid business plan in place, they often neglect implementing a compensation strategy. Without proper planning, it’s easy to offer too much or too little money to compete for talent and with the labor market at 3.9% unemployment (December 2018); it is critical to get compensation right to attract and retain the best. More troublesome is that some...

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L&A ORIGINAL ARTICLE: Pay-for-Performance – Not Just a Public Company Phrase

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Everyone talks about it, but no one seems to know how to perfectly achieve it…pay-for-performance. We see it everywhere, on the sports fields and in the boardroom, everyone wants to correlate pay with performance. This desire has led to the continual search for the newest and best methods to achieve perfect correlation, yet still, none have found it. Likely because...

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