On today’s episode, we’re joined by Patrick Powers, Partner, and Rosie Newman, Principal, both at Meridian Compensation Partners, LLC. Patrick and Rosie explain how executive perks are evolving from legacy benefits into strategic tools for productivity, security and financial well-being. They break down regulatory considerations, disclosure thresholds and the factors boards weigh when approving perquisites like corporate aircraft use, executive physicals and cybersecurity support.
Key Takeaways:
(02:29) Perquisites are subject to specific tax and disclosure regulations.
(04:50) Financial planning support is seen as a tool for risk reduction.
(07:10) The use of allowances has grown as a streamlined approach.
(09:14) Some traditional perks are regaining popularity.
(10:45) Security-related benefits are increasingly relevant.
(13:47) Board approval often involves third-party risk assessments.
(19:22) External advisory opinions may influence, but rarely override, decisions.
(21:44) Companies are re-evaluating executive security and related disclosures.
Resources Mentioned:
https://www.linkedin.com/in/patrick-powers-678b8694/
https://www.linkedin.com/in/rosie-newman-35335925/
US Securities and Exchange Commission
https://www.sec.gov/
https://www.uhc.com/
Meridian Compensation Partners, LLC
https://www.linkedin.com/company/meridian-compensation-partners-llc/
This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.
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