Our consultants work closely with boards of directors to provide direction in benchmarking director compensation design and pay practices. Our research of both publicly-traded and mutual company boards provides the relevant benchmarks to compare levels of compensation and how to appropriately deliver pay.
We Partner With Clients
We form strong relationships with our clients to truly understand the challenges that they face.
Directors at insurance companies are more engaged than ever as they perform their duties in providing guidance and oversight to the management team to the benefit of all stakeholders. In addition to the increased amount of time needed to review all relevant data and materials, public scrutiny of boards’ efforts has intensified as well.
We work with boards to:
- Benchmark compensation to customized peer groups of stock and/or mutual insurance companies.
- Determine appropriate amounts for:
- Meeting Fees
- Committee Chair Retainers
- Committee Meeting Fees
- Board Chair Retainers
- Benchmark Board Structure:
- Number and types of Committees
- Frequency of meetings
- Number of Directors
- Age/Term Limits
- Perform customized research and analysis among the hundreds of client company contacts we have in the industry.
Our skilled team also advises executives and boards on regulatory issues impacting compensation and related policies.
Our consultants are trusted advisors to compensation and remuneration committees, providing a complete range of board committee advisory services. We back all of our recommendations with our extensive global proprietary database of compensation data combined with the knowledge and experience to interpret the data. We understand that data influences decision making, but does not govern it, which gives board committees counsel that is tailored to each firm's unique profile.
Clients Across Life Cycle
We have one of the largest and most extensive proprietary databases of executive level positions globally. We provide firms with market benchmarks for their critical roles and cover base salary, and short- and long-term incentives compensation data. Our technical analytics, tailored to reflect the true market in which your firm competes for both talent and business, enable you to evaluate performance with reward. Our team works with financial services firms across different stages of their life cycle.
- Distressed Companies: Operating under capital, liquidity, other accounting, or a regulatory situation brings special and urgent concerns regarding governance, strategy, talent assessment, and effective pay practices. Identifying what works, what needs to be discarded, and implementing change under dynamic circumstances requires proven experience.
- Mutual Companies: Incentives for private companies should consider liquidity constraints and potential capital transactions / ownership transfer that may occur in the future. In addition to tax and accounting considerations and market conditions, a private ownership structure will affect the choice of long-term incentive vehicles, vesting terms, and appropriate levels of ownership dilution.
- Publicly Traded Companies: For both directors and management teams, ensuring that reward programs meet company objectives and reflect current regulatory guidance and best practices is key. Firms will need to ensure that their compensation plans, policies, and procedures will stand up to the scrutiny of public shareholders.