Location
Room 290, Stanford Law School
7:30 – 8:00am Continental Breakfast
8:00 – 9:30pm Program

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Several years into a period of formal, quantitative pay-for-performance (PfP) tests, as defined by ISS and Glass Lewis, are we better off? That is, are we seeing better alignment of realized/realizable executive compensation with firm performance? And, are firms with better PfP also performing better?

Join us for a point/counterpoint discussion on the evolution of pay-for-performance theory, practice, and outcomes. Additional questions we will address include:

• For better or for worse, how are the pay-for-performance tests affecting publicly traded firms?
• What are firms doing when results of the ISS and Glass Lewis tests are unsatisfactory?
• Are there any silver bullets in best metrics or design to maintain PfP alignment?
• Should boards of directors be thinking about PfP beyond the current framework of three years and relative total shareholder return?

Our panel

Doreen Lilienfeld is the Practice Group Leader of the Compensation, Governance & ERISA Group at Shearman & Sterling. She has been involved in a wide variety of compensation-related matters, including the design and implementation of retention and compensation plans, disclosure and regulatory compliance, and employment negotiations with senior executives. She has significant experience in compensation and benefits issues relating to private equity and other mergers and acquisitions transactions. Ms. Lilienfeld has advised both U.S. and non-U.S. issuers on corporate governance and regulatory requirements relating to compensation and benefits matters. Legal directories, such as Chambers, Legal 500 US and Super Lawyers, have named Ms. Lilienfeld as a leader in her field.
Matt Turner, Managing Director in the Chicago office of Pearl Meyers & Partners LLC, joined the firm in 2007. He specializes in executive compensation strategy, incentive plan design, tailoring of performance measures and assisting Compensation Committees in setting shareholder-focused performance targets. With 20 years of experience, Mr. Turner has worked with public and private companies in a range of industries including technology, real estate, transportation, financial services, insurance, retail and manufacturing.
F. Daniel Siciliano (moderator), Professor of the Practice of Law Associate Dean for Executive Education and Special Programs, Stanford Law School and Faculty Director, Rock Center for Corporate Governance, Stanford University