Although the NASPP Conference is over, we have one last installment in our “Meet the Speaker” series, showcasing interviews with speakers at the last year’s Conference.
For today’s interview, we feature Fred Whittlesey of Compensation Venture Group, who led the session “Spotlight on the Board: ‘Gotchas’ in the Design, Governance and Administration of Director Compensation in Today’s Market.” Here is what Fred had to say:
NASPP: Why is a discussion of board compensation particularly timely right now?
Fred: Despite the focus on executive compensation, typically labeled in the media as “CEO pay,” compensation for boards of directors has not attracted a similar level of attention. Interestingly, while board compensation committees determine executive pay, they also determine their own pay. There have been few cases directly challenging board compensation, though we highlighted one in our panel presentation. Compensation professionals should expect growing scrutiny of board compensation.
But understanding director compensation is much more complex due to the combination of retainers, meeting fees, additional compensation for chair roles and committee activity. Just look at the Director Summary Compensation Table and try to understand the vast range of pay within each company.
NASPP: What is one action should companies be taking now?
Fred: I predict that the direction that shareholders and advisers will take on director compensation is the “total cost of board” metric. I’ve been advising boards on this metric for over 20 years and have never seen anyone else address it.
The question is how much should good governance cost? The number of directors, number on each committee, and number of meetings collectively have grown. While meeting fees have generally gone away, the sheer volume of directorships and pay levels is going to come under scrutiny. Every company should be calculating this number and comparing within the peer group they use for executive and board pay.
NASPP: What is the most innovative approach you’ve seen to board compensation?
Fred: I’m finally convincing boards to develop a board compensation philosophy. It’s not required, not regulated, and not subject to disclosure. Raising this issue with boards is eye-opening for them. You set your own pay. How do you determine your own pay? Is it your “independent” compensation consultant whom you hired to set executive pay and also advises you how to set your own pay? Soon shareholders and advisers are going to catch on to this practice.
NASPP: What is your favorite memory from a past NASPP Conference?
Fred: The first NASPP conference. I think everyone there realized we were at the beginning of something innovative and significant. Today, many NASPP members wouldn’t understand that there was a time when there was no NASPP or equivalent. Where did we get our information and knowledge? How did we network with equity compensation peers? How did we keep up with new developments? It’s been an amazing 25 years.
About the NASPP Conference
The 25th Annual NASPP Conference is over but it’s not too late to take advantage of the more than 50 breakout sessions on today’s most timely topics in stock and executive compensation. All the keynotes and full-length breakout sessions have been archived and are available in MP3 format; purchase Fred’s session, “Spotlight on the Board: ‘Gotchas’ in the Design, Governance and Administration of Director Compensation in Today’s Market” and any other sessions you are interested in today.
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with John Hammond of Aon Equity Services. John and his team created a nifty interactive video on all the great programs you can participate in at the NASPP Conference. He will also lead the session “Pitch Perfect: Designing a Communication Strategy That Will Have Participants Singing” at the Conference.
NASPP: Why is employee education a particularly timely topic right now?
John: Effective plan communication is hot right now as companies are taking time to evaluate plan effectiveness while we have had a calming in legislation and other administrative upheaval that was so ever-present five to ten years ago. Achieving an employee perceived value that is at or close to the accounting value feels like today’s holy grail of stock plans. We know it’s out there, but how?
The abundance and variety of performance award structures has also made it very difficult to communicate value effectively, so our panel focuses much of our content around perceived value and performance awards, though there are still plenty of takeaways on broad communication strategies
NASPP: What is one action should companies be taking now?
John: Just do. Companies just need to do something. Communications is one of those activities that companies throw into a plan—”In 2019, we will buy a video”—but they tend to put it out far enough so that they know deep-down it will never be achieved, because of the 542 competing priorities that will pop up the day it hits the to-do list.
Start now. Start with something…an email, a flyer, a webinar, a pre-recorded PowerPoint. Anything is better than nothing. Then the communication task changes—it becomes ‘replace,’ which has a far-higher value on the administrative to-do list for some reason. Start small and the future takes care of itself.
NASPP: Is there a silver lining to employee education?
John: There is absolutely a silver-lining. We have two companies on the panel that will speak to successes. There is also the reality that communications are getting cheaper as technology advances. For people who have been around this industry a long-time, producing and mailing paper grant packages for a thousand participants was probably more expensive than a handful of quick, basic videos today. All of the forms of communication technology are coming down in cost—it’s a commodity. The differentiation is deployment and expertise—putting it in the right hands and doing it the right way. It’s a far easier hurdle to clear today which is great news for everyone.
NASPP: What is your favorite memory from a past NASPP Conference?
John: This is my 19th NASPP conference—the memories are countless at this point. Washington, DC was my first in 1999 and it will be nice being there for the 25th anniversary. It is the evening networking events that offer the most memories. I remember playing washboard with a zydeco band in some New Orleans dive bar in 2001. As it’s the only time I have played washboard in a zydeco band, it sticks out. There have been some wonderful pranks over the years. I will say the opening reception is consistently my favorite event. Reuniting with friends and watching others reunite is the part that makes this industry a family to me. A crazy, fantastic family.
Don’t miss John’s session, “Pitch Perfect: Designing a Communication Strategy That Will Have Participants Singing,” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington, DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Matt Vnuk of Compensation Advisory Partners, who will lead the session “So You Say I Have a Noncompete… What Are You Going to Do About It?” Here is what Matt had to say:
NASPP: Why do NASPP Conference attendees need to know about restrictive covenants?
Matt: Restrictive covenants—noncompetition and nonsolicitation obligations—are often found in equity award agreements, offer letters, employment and separation agreements, and other employment-related documents.
Despite this, restrictive covenants are often not enforceable!
Our panel will explain some common misunderstandings, provide market data and examples, provide select state-by-state comparisons, explain common mistakes, provide practical, actionable tips, and discuss “stories from the field” from different perspectives.
NASPP: What is one action should companies be taking now?
Matt: Understand your purpose for restrictive covenants—desire to enforce versus deterrence value.
NASPP: What is the silver lining to restrictive covenants?
Matt: There are practical, actionable tips that we will be sharing during our panel discussion!
NASPP: What is your favorite tourist attraction in DC?
Matt: My favorite tourist attraction in DC is the Smithsonian Museum of American History.
Don’t miss Matt’s session, “So You Say I Have a Non-Compete… What Are You Going to Do About It?” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington, DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Jule Torre of Applied Materials, who will lead the session “Global Stock Plans in Jeopardy!” Here is what Jule had to say:
NASPP: Why do you feel strongly that stock plan administration needs to be less US-centric?
Jule: With the variety of smart phones and tools available today that allow people to work from anywhere, it is so very important to have a clear understanding that US rules and processes do not work outside the United States. Each country has its own unique rules, regulations and terminology. Engaging with your internal and external business partners, stakeholders and peers is critical to ensure that the programs are meeting their goals to retain and attract employees globally. A key consideration is to continually do data analysis to assess the risk of exposure for failing to comply. This is an ongoing process.
NASPP: What is one best practice companies should implement?
Jule: Ensure that your SOX controls and flow charts will stand up to the scrutiny of audits including those outside the oversight of the stock team. In this day and age, with outsourcing and multiple third-party vendors, it’s important that controls are in place to manage the complex equity programs that are in place or being rolled out and that they not just meet the corporate objectives but also comply with the local jurisdictions (i.e., data privacy, employment laws, works councils, currency/exchange controls and foreign ownership issues, etc.). Bottom line, it is important to have compliance guidelines and/or a policy in place.
NASPP: What is the silver lining to administering global stock plans?
Jule: I would have to say that it’s the collaboration of a great group of people who bring unique skills and knowledge to the table all the while attempting to make a complex topic simple in a world where one size does not fit all. It’s the ability to continue to ask questions, find and use the available resources and understand your company culture. Every day is different and there’s no time to become bored.
NASPP: What is your favorite tourist attraction in DC?
Jule: There is so much to see and do while visiting Washington, DC, it is hard to pinpoint one site. Just walking down the mall is awe inspiring but I would have to say it is the Smithsonian. In particular, the Air and Space Museum and American Museum of History. Both have left impressions from my early visits to our capital city.
Don’t miss Jule’s session “Global Stock Plans in Jeopardy!” session at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-21 in Washington DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Takis Makridis of Equity Methods, who will lead the session “Mind the Gap: GAAP vs Non-GAAP Metrics for Incentive Plans.” Here is what Takis had to say:
NASPP: Why are non-GAAP metrics a hot topic?
Takis: Almost all companies use non-GAAP metrics in their long-term incentive (LTI) programs. Line of sight between efforts and results has never been more important, driving executive compensation leaders to look for metrics that aren’t influenced by factors well outside an executive’s control.
GAAP metrics, although consistent and comparable across companies, can be sensitive to unpredictable factors that are not critical to the incentive goals and strategy of the company. Should interest rate spikes really cause an executive to earn (or not earn) their awards? Accounting standard changes can also trigger large payout windfalls or misses. The same with M&A activity.
But there’s a big problem. While using non-GAAP metrics makes good sense at conceptual level, the broader use of non-GAAP metrics in financial accounting is under major fire. In the spring of 2016, the SEC issued interpretive guidance, essentially blasting companies for how they use non-GAAP measures in financial reporting. This doesn’t affect how companies structure their incentive awards, but it does cover performance discussions in the proxy. Add to that the problem of proxy advisors only using GAAP metrics in their analytics and compensation committees being extra concerned with staying within the goal posts of reasonability, and we have a hot topic!
NASPP: What is a common mistake companies make with non-GAAP metrics and how can they avoid this?
Takis: The biggest mistake I see is that many companies don’t carefully vet upfront how they’ll handle a broad variety of situations that can raise question marks in their metric of choice.
Here’s the thing: suppose you’re using a non-GAAP metric like EBITDA—it’s not enough to simply state that and assume you’re in the clear. It might be straightforward to find earnings and then back out interest, taxes, depreciation, and amortization, but numerous other considerations need to be thought through. Two big ones that can wreak havoc are accounting standard changes and corporate actions.
Most companies will be adopting the new revenue recognition and lease accounting standards. They’re setting metrics before the standards go into effect, but paying out after. How will results three years in the future be adjusted for the effect of the accounting standard changes? Or, what if a business unit is sold next year that generates $400 million in pre-tax earnings? Will you adjust your target down by that amount? These are examples of the level of nuance that needs to be thought through upfront.
The solution? Socialize with your key stakeholders (the compensation committee, general counsel, executive compensation, and finance) how you will treat future events that can insert ambiguity into your payout determination and certification.
I’m especially excited to hear my co-panelist, Dave Thomas of Wilson Sonsini, share some war stories during our session—he’s the master of bringing plain-English clarity to dense legalese. One specific best practice we’ll discuss is building and socializing a checklist that explains how, at a principle level, each future event will be handled so that the compensation committee is not backed into a corner to choose a treatment that’s favorable simply to avoid conflict.
NASPP: What is the silver lining to non-GAAP metrics?
Takis: When all is said and done, if non-GAAP metrics are used in a company’s LTI plan, having a clear framework for how it will perform adjustments to GAAP results will eliminate unnecessary surprises and friction with participants. But getting there takes a lot of work, and I think there’s an extra silver lining to all that work…
When you take the time to sort through how different business events will be handled in your LTI payout, this vetting drives mindshare. It drives mindshare with key executives who may be part of the planning process, and also with your compensation committee. How often do we hear that committees don’t really understand how the LTI award works or how participants view their awards as lottery tickets? I’ve seen a vetting process around non-GAAP adjustments drive engagement from both committee members and executive stakeholders, resulting in greater line of sight with what the award is really intending to incent.
NASPP: What is your favorite memory from a past NASPP Conference?
Takis: It was probably almost fifteen years ago, and I was running late to make it to the opening day reception. It might have been in San Francisco, but I remember it was raining and I was stressed that everything was taking a little longer than planned. I eventually arrived and within five minutes ran into a client, who embraced me with a big “thank you” for some work we had recently finished up.
That was a pivotal moment in my career. At that moment, it hit me that as technical as our field gets, we are all in the business of solving problems for other people. I think that’s true regardless of whether we’re in consulting, law, or work at an issuer—what we do matters, and it matters to other people.
I’m stoked for this year’s NASPP. So much has changed in the technical topics of what we all do, but we’re still a collection of people trying to make a difference—and I’m really excited that this hasn’t changed and that we can celebrate this together in DC.
Don’t miss Takis’s session, “Mind the Gap: GAAP vs Non-GAAP Metrics for Incentive Plans,” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Jon Doyle of International Law Solutions, who will lead the session “Step-by-Step: Keys to a Successful Global ESPP.” Here is what Jon had to say:
NASPP: Why is a session on global ESPPs particularly timely right now?
Jon: There is an increased interest in offering ESPPs globally. Whether a company is considering offering its ESPP globally for the first time or has been offering it for years worldwide, there are more challenges to offering an ESPP globally than other types of equity awards.
NASPP: What is one best practice companies should implement?
Jon: Companies should engage in a cost-benefit analysis to determine whether there is sufficient interest in country before deciding to move forward.
NASPP: What is the silver lining to implementing a global ESPP?
Jon: With some careful planning and by following a step-by-step approach, companies can have a successful global ESPP.
NASPP: What is your favorite tourist attraction in DC?
Jon: The National Mall.
Don’t miss Jon’s session, “Step-by-Step: Keys to a Successful Global ESPP” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Raenelle James of Equity Methods, who will lead the session “A Disrupter’s Guide to Equity Accounting Transformation: Insights from Winning Teams.” Here is what Raenelle had to say:
NASPP: Why do you feel strongly about your topic?
Raenelle: We were seeking the answer to the question—”What does a center of excellence look like? What exactly is best in class as it relates to equity compensation accounting?”
In our quest, we found that finance executives really care about impact! They want stock compensation accounting (and all other areas in their domain) to deliver relevant and useful decision-making information to stakeholders. They want controls and automation, AND flexibility and agility.
At the end of the day, stock-based compensation is just one component of the overall finance function, but it can and should be a very strategic component.
NASPP: What is one action should companies be taking now?
Raenelle: At the end of the day, there’s no prescriptive “you must do these things” sort of a list. However, to make an impact, having good controls is essential! Therefore taking a step back and taking a critical look at the current process to confirm that good controls are in place is a good first step for most companies.
If this is already a foregone conclusion for you, then ask yourself—what information are you delivering? Is the stock-based compensation accounting function viewed as a key business partner for strategic initiatives? And if not, what information can you help provide that would force organizational leaders to start taking that viewpoint?
NASPP: What is the silver lining to your topic?
Raenelle: Regardless of your size or industry, epitomizing best in class is very feasible.
I like to reference Kaizen as it is the Japanese word for “continual improvement.” Ultimately, that’s what we should be striving for.
NASPP: What is your favorite restaurant in DC?
Raenelle: I may cop out here and give two answers for this question—primarily because one is a bakery, but I had to mention it as I love desserts 🙂
PAUL—I discovered this on a trip to DC recently. It’s a French bakery that has amazing pastries. Key note—it is a chain that started in Paris and has a very long history, but I have found it to be a place where I can get very good pastries.
Rasika—this is a true restaurant (as opposed to just a bakery). It has amazing Indian food and in the times that I have been there, I have always found something new to try (and have never had a bad meal there).
All of this of course is just my humble opinion :). DC has an amazing selection of restaurants. If you love to eat, this is a great city to be in.
Don’t miss Raenelle’s session, “A Disrupter’s Guide to Equity Accounting Transformation: Insights from Winning Teams,” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with John Schultz of Compensation & Benefit Solutions, who will lead the session “Think of the Administrators! Simplicity vs. Complexity in Incentive Plan Design.” Here is what John had to say:
NASPP: Why do NASPP Conference attendees need to know about your topic?
John: Well you know what they say about the best laid plans of mice …. Often, in our experience, we see companies come up with great plan design concepts that ultimately result in chaos once it comes down to the nuts and bolts of administering the program. Some of this can be attributed from not having all stakeholders involved in the plan design, but more often it is simply a matter of unique circumstances in how the mechanics of the various administration inputs operate. Our goal for this session is to walk through some of the more common plan design features that can create the biggest headaches (and costs!) for the administration team.
NASPP: What is a common mistake companies make and how can they avoid this?
John: Not having all the stakeholders involved when designing the incentive plan. That doesn’t mean that all parties need to be involved at every step of the way, but we highly recommend to our clients running key design features by the people that will actually be involved in administering them. For example, payroll often gets the short shrift in plan design (if involved at all), yet that group of stakeholders can flag timing issues that make a design feature much costlier than ever anticipated (think withholding calculations and remittance timing).
NASPP: What is the worst horror story you can tell on your topic?
John: Penalties … lots and lots of penalties ….
NASPP: What is your superpower?
John: Wow, that is a good question. Difficult, though; what does one gauge his response on? Physical prowess? Keen deductive skills? The ability to banter well with super villains? (Brodie Bruce, Mallrats)
Don’t miss John’s session, “Think of the Administrators! Simplicity vs. Complexity in Incentive Plan Design: Session,” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Mike Melbinger of Winston & Strawn, who will lead the session “Hot Topics in Equity Compensation.” Here is what Mike had to say:
NASPP: Why should NASPP Conference attendees go to your session?
Mike: Unlike all of the other scheduled presentations, this one is intentionally devoted to developments that occur in the last 30 days or so before the conference. Therefore, it is guaranteed to be timely and current.
We plan to spend a lot of time on the CEO pay ratio but we’ll also be covering recent litigation over executive and stock compensation, the use of non-GAAP measures in performance awards, accounting updates, and more!
NASPP: What is one best practice companies should implement?
Mike: The areas of focus—or “hot buttons”—for the SEC, institutional investors, and proxy advisors change and evolve from year to year. Companies, boards, and executive compensation professionals need to understand these changes and adjust their governance practices and proxy drafting each year.
NASPP: What is the silver lining to your topic?
Mike: Our presentation will be made in September, right at the start of the proxy preparation, board meeting, and incentive award making process. Thus, companies will have time to prepare and adapt.
NASPP: What is your favorite tourist attraction in DC?
Mike: My favorite destination in Washington, DC is the Marine Memorial, which is simply awesome to behold, and Arlington National Cemetery, which helps you appreciate the enormous sacrifices made for our freedom and makes you proud to be an American. Both are right across the Potomac River on the George Washington Memorial Parkway.
Don’t miss Mike’s session, “Hot Topics in Equity Compensation,” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 25th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Cameron O’Neill of ISS Corporate Solutions, who will lead the session “What You Need to Know about the ISS Equity Plan Scorecard for 2018.” Here is what Cameron had to say:
NASPP: Why is the ISS Equity Plan Scorecard a particularly timely topic right now?
Cameron: The 2018 proxy season is right around the corner! As you begin preparing for the equity plan you are putting on the ballot, we will do a deep dive into the ISS Equity Plan Scorecard. We’ll review how issuers fared with the scorecard approach during its third year, trends on what companies are actually putting into their plans, and details on what companies should be thinking about for 2018 equity plan proposals.
Most companies have been through ISS’ EPSC at least once, but most have not yet faced the most significant new elements—especially the qualitative review of the overall impact of all amendments to the plan. ISS has collected data on thousands of equity plan proposals and we will provide broad benchmarking of 2017’s trends and innovations, as well as give examples of sample plan language that has worked in the past and may give the board more leeway.
NASPP: What is a common mistake companies make and how can they avoid this?
Cameron: Companies aren’t monitoring burn rate and dilution levels, or aren’t preparing for shareholder reaction to these fundamental aspects of equity plan evaluation. All of the companies that failed to get majority support for their equity plans had high dilution and burn rate levels that exceeded the average for their industries.
NASPP: What is the most innovative solution/response you’ve seen to your topic?
Cameron: As the ISS and institutional investor evaluations of equity plan features have grown in sophistication in recent years, there’s no shortage of creative minds crafting plan language designed to satisfy the Scorecard evaluation and yet subtly preserve board flexibility. The two areas in which we see this trend most often are in the treatment of equity after a change-in-control, and the imposition of minimum vesting requirements on awards granted under the plan. It’s then up to ICS’ team of advisors to work with our issuer clients to gauge the likelihood of these provisions being deemed adequate, and to suggest alternative formulations if need be.
NASPP: What is your favorite tourist attraction in DC?
Cameron: The International Spy Museum is a “must do” if you’re a spy buff like me! As a fan of Jason Bourne, 007, The Americans, and any other spy movie or series out there, the International Spy Museum gives you the opportunity to be a crafty sleuth and dive into the world of espionage! The museum has interactive spy experiences, a “School for Spies”, and a huge collection of espionage artifacts. The museum is also very kid friendly, with special exhibitions just for the junior spies!
Don’t miss Cameron’s session, “What You Need to Know about the ISS Equity Plan Scorecard for 2018,” at the NASPP Conference!
About the NASPP Conference
The 25th Annual NASPP Conference will be held from October 17-20 in Washington DC. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!