Contemporary Practices and Trends in Directors’ and Board Leadership Compensation
Please join us as we explore current practices and trends in non-employee directors’ compensation and the drivers for change over the past several years. We will examine current practices as it relates to the use of cash and equity retainers, the shift away from fees provided for board and committee meeting attendance, extra retainers provided to committee chairs, and stock ownership requirements. We will also explore the roles, responsibilities, and compensation provided to Lead Directors, Executive Chairs, and Non-Executive Chairs. Finally, we will discuss emerging issues such as board diversity, board tenure, and age limits.
Steve Pakela is a Managing Partner in Pay Governance LLC since its inception in July 2010. Steve was a former Principal and leader of the executive compensation practice at Towers Watson’s Pittsburgh office where he practiced for 13 years. He advises clients in areas such as compensation strategy development, incentive plan design (both short- and long-term), executive severance and all forms of competitive compensation review. He also advises on director compensation and corporate governance issues. Steve has extensive experience functioning as an advisor to client Compensation Committees.
Before joining Towers Perrin, Steve’s experience was focused on finance and accounting, working as an auditor with a global accounting firm and working for a major financial institution specializing in both internal and external financial reporting.
Steve is a graduate of Westminster College with a B.A. in Business Administration, concentrating in Accounting. He is a Certified Public Accountant and a member of both the American and Pennsylvania Institutes of Certified Public Accountants. He has spoken frequently to various organizations and has written articles on topics pertaining to executive compensation.
Steve works with a broad range of companies that represent such industries as manufacturing, mining, energy (petroleum and natural gas), financial services, consumer products, technology and higher education.