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Changing Landscape of Executive Compensation and Corporate Governance Practices
(October 19, 2011)
Meridian's Study Identifies Changing Landscape of Executive Compensation and Corporate Governance Practices Among Major U.S. Companies
Meridian Compensation Partners, a leading executive compensation and corporate governance consulting firm, has identified that a majority of large U.S. companies are strengthening their executive compensation program's pay and performance alignment as well as implementing shareholder friendly corporate governance practices.
"The pace at which companies have adopted more rigorous executive compensation programs and sound corporate governance practices is remarkable and confirms that Boards and management teams are listening to shareholders," observed Matthew Isakson, a senior consultant at Meridian. He continued, "It is notable that Boards now require performance based awards to be the primary component of long-term incentives, especially considering the volatile and challenging economic environment."
The findings are part of Meridian's 2011 Corporate Governance and Incentive Design Survey which reviewed pay practices of 250 large U.S. companies with median revenues of $12.8B. Among the findings:
About Meridian Compensation Partners
Meridian Compensation Partners, LLC is one of the largest, independent executive compensation consulting firms in the industry. Founded in 2010, Meridian is wholly owned and operated by its partners, and provides trusted counsel to compensation committees and senior management at hundreds of preeminent large and mid-cap corporations. Averaging more than 20 years of tenure, Meridian's Partners have industry-leading knowledge and experience, along with depth of resources, to provide expert advice and support on executive compensation and governance related matters. Visit us at www.meridiancp.com
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