Adjusting Incentive Goals: When, Why and How

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Executive Compensation Podcast: Conversations on Executive Pay & Compensation Committee Governance

Meridian Compensation Partners

53 episodes

2 days ago

The Executive Compensation podcast from Meridian Compensation Partners is a vital resource for compensation committees, seasoned compensation professionals, or curious learners to explore all aspects of executive compensation. We dive into all kinds of topics around how to plan executive pay, bonus, and salaries. We talk to seasoned experts about corporate governance, investor relations, and more. Tune in for an in-depth exploration of executive compensation from every different angle.

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Adjusting Incentive Goals: When, Why and How

Executive Compensation Podcast: Conversations on Executive Pay & Compensation Committee Governance

26 minutes 3 seconds

1 year ago

Adjusting Incentive Goals: When, Why and How

On today’s episode, we’re joined by Matt Seto and Adam Hearn, both Principals at Meridian Compensation Partners, LLC. Matt and Adam explore the complexities of annual incentive plans, particularly how companies should navigate unforeseen circumstances that may necessitate adjustments to executive goals.

Key Takeaways:

(02:30) Common financial metrics used in annual incentive plans.

(04:29 ) Differences between hardwired and discretionary adjustments in incentive plans.

(05:58) Why making adjustments should be guided by business principles, not rules.

(08:11) Guidelines for determining when adjustments are appropriate.

(09:54) The impact of management decisions on incentive plans and compensation.

(13:25) Importance of well-documented frameworks for executive committees.

(16:25) How communication between management and the board influences adjustments.

(19:42) The significance of external and internal perceptions when making adjustments.

Resources Mentioned:

Matt Seto - https://www.linkedin.com/in/mattseto/

Adam Hearn - https://www.linkedin.com/in/adam-hearn-870b638/

Meridian Compensation Partners, LLC - https://www.meridiancp.com/

This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.

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