7:30 a.m. - 9:30 a.m. Location: JSOM 1.606
Management incentive plans can create governance risk in several ways:
- Shortterm behavior at the expense of long-term value creation, as seen with Mylan
- Reputationdamaging behavior arising from overly aggressive goals, as seen with Wells Fargo
- Significant pay risk leading to excessive business risk, as seen with big banks during the financial crisis
- Even bizarre personal enrichment schemes arising from weak controls, as seen in the Carlos Ghosn affair, echoing what happened at Tyco fifteen years earlier
You may think your company is immune, but every incentive to perform is an incentive to cheat, making the design of incentives and their associated controls an important issue for every company. In this panel, we will be hearing from several people who have dealt with compensation risk over many years, including:
- J. Coley Clark, Compensation Committee member and Chairman for several firms, most recently including MoneyGram
- Stacey Maris, SVP, Associate General Counsel, and Corporate Secretary of AT&T
- Jim Skinner, Chairman of the Compensation Committee at Fossil, former Vice Chairman of Neiman Marcus
The topic and guests will be introduced by Marc Hodak, Partner at Farient Advisors, a premier executive compensation, governance, and performance advisory firm.
Who Should Attend: Public/Private Company Directors - Nonprofit Organization Directors - C-Suite Officers - People Who Aspire to be Board Members.