Stephen O'Byrne, President, Shareholder Value Advisors Inc. to Speak at The Knowledge Group’s The SEC’s New Pay Versus Performance Rule LIVE Webcast
The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Stephen O'Byrne, President, Shareholder Value Advisors Inc. will speak at its webcast entitled, “The SEC’s New Pay Versus Performance Rule: Guidance for Companies and Investors.” This event is scheduled for November 17, 2023 from 12:00 pm to 1:00 pm (ET).
- (1888PressRelease) November 07, 2023 - The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Stephen O'Byrne, President, Shareholder Value Advisors Inc. will speak at its webcast entitled, “The SEC’s New Pay Versus Performance Rule: Guidance for Companies and Investors.” This event is scheduled for November 17, 2023 from 12:00 pm to 1:00 pm (ET).
For further details, please visit:
https://knowledgewebcasts.com/know-portfolio/secs-pay-versus-performance-rule-cle-2023/
About Stephen O'Byrne
Stephen F. O’Byrne is President and co-founder of Shareholder Value Advisors Inc., a consulting firm that helps companies increase shareholder value through better performance measurement, incentive compensation and valuation analysis. His work on measuring the strength and cost-efficiency of top management incentives has been published in the Harvard Business Review, the Journal of Investing, Conference Board Director Notes, the Journal of Applied Corporate Finance and the WorldatWork Journal. He is the co-author, with Professor David Young of INSEAD, of EVA and Value-Based Management. He was previously head of the compensation consulting practice at Stern Stewart & Co. and a Principal in the executive compensation practice at Towers Perrin.
About Shareholder Value Advisors Inc.
Shareholder Value Advisors (SVA) is a consulting firm that helps companies improve performance through more effective business unit incentives.
Effective business unit incentives require (1) a well-designed measure of business value added, (2) accurate estimates of competitive pay and (3) a plan design that achieves the three basic objectives of executive pay: providing strong incentives to increase shareholder value, retaining key talent and limiting shareholder cost.
SVA’s distinctive capability is better measurement. SVA’s work on measuring business value added isolates management’s contribution to value by adjusting for capital investment, investor expectations and peer company performance. SVA’s work on competitive pay uses multiple regression models to get more accurate market rates by controlling for position, industry, size, profitability and risk. SVA’s work on plan design uses a distinctive framework to measure alignment, incentive strength and the company’s pay premium at industry average performance using realizable as well as grant date pay.
Event Summary
Companies and investors now have one year of experience with the SEC’s new pay versus performance (PvP) disclosure rules. Companies put tremendous effort into preparing these new disclosures which require companies to report a new compensation measure – Compensation Actually Paid (AP) – that reflects the year end value of unvested equity grants. Companies reported a three year history of CAP in 2023 but need to report a four year history in 2024 and a five year history in 2025 and later years. To help investors understand how pay is related to performance, companies have to report their own cumulative TSR for each year, cumulative industry TSR for each year, their own net income and the most important financial measure (after TSR and net income) for determining CAP.
In the first year, companies struggled to find the best way to tell their story about this complex disclosure. Investors and proxy advisors also struggled to understand the new disclosures and relate them to their proxy voting decisions and recommendations.
Join us in this CLE Webcast as The Knowledge Group presents two compensation experts to help companies and investors understand the new disclosures and how they can be used to assess company incentives, alignment with relative performance and compensation cost.
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.
The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.
Contact:
Therese Lumbao
Director, Member Services
The Knowledge Group, LLC
info ( @ ) theknowledgegroup dot org
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