On today’s episode, we’re joined by Ron Rosenthal, Lead Consultant of
Meridian Compensation Partners, LLC and Michael Powers, Partner of Meridian Compensation Partners, LLC.
Michael and Ryan discuss the nuanced approaches and considerations involved in compensating board members and transitioning CEOs.
Key Takeaways:
(01:10) An overview of the three major components of director compensation: retainers, equity awards and committee pay.
(05:34) Equity grants are the majority of a director's total annual compensation.
(07:55) Exploring the trend of moving away from stock options due to misalignment with a director's fiduciary role.
(08:13) Discussing a lack of incentive or performance-based compensation for directors.
(12:11) Governance considerations around directors approving their own pay packages.
(15:26) Why the recent Tesla lawsuit settlement related to director pay.
(18:01) Exploring compensation for board leadership roles like Chair, Lead Director and Executive Chair.
Resources Mentioned:
Michael Powers - https://www.linkedin.com/in/michael-powers-6606546/
Ron Rosenthal - https://www.linkedin.com/in/ron-rosenthal-a48ab5ab/
Meridian Compensation Partners, LLC -
https://www.linkedin.com/company/meridian-compensation-partners-llc/
S&P 500 Director Pay Trend Report -
This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.
#Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback
