Rémunération des dirigeants : qu’est-ce qui est chaud ?
« Petit » billet proposé par Findley Davies revenant sur les sujets chauds en matière de rémunération des hauts dirigeants : « Hot Topics in Executive Compensation » (par Brad Smith).
Voici un extrait :
Areas of Interest :
a. Evergreen renewals of executive compensation agreements
b. Golden parachute excise tax gross ups
c. Guaranteed bonuses/equity grants
d. « Excessive » severance or perquisites
e. « Liberal » change of control definitions and/or payouts
f. Single trigger vesting of equity grants
g. Reconciliation of non-GAAP performance measures to GAAP
• Trends in executive compensation design
Observations :
a. Mandatory holding periods after vesting are growing in popularity for accounting purposes.
b. A portfolio approach (more than one vehicle) is becoming the norm for delivery of long term incentive compensation.
c. Total Shareholder Return is becoming a more popular performance metric.
d. Clawbacks are becoming more of a standard practice in executive compensation in light of upcoming Dodd-Frank regulations.
e. Use of stock options is becoming less common because of accounting issues and advisory firms’ stance that they are not pay for performance.
À la prochaine…
Ivan Tchotourian