“Normal” Compensation Committee Practices? How are they Changing?
The Character of the Corporation Year-End Briefing
Thursday, December 16 at 2 PM ET
Join CAP's Founding Partner, Melissa Burek and Partner, Matt Vnuk, Dinesh C. Paliwal, Lead Independent Director at Raytheon Technologies, Nestle and KKR & Co., and Charles Elson, Encompass Health and Blue Bell Creameries Board Director (and Directors & Boards Executive editor-at-large), along with Directors & Boards Publishing Director, David Shaw, as they provide insightful data and perspective for high performing boards and compensation committees to consider.
This webinar will discuss the results of a survey recently conducted jointly by Compensation Advisory Partners (CAP) and Directors & Boards, and provide perspective on trends, best practices and expectations for an increasingly demanding marketplace.
There are a number of questions commonly asked by board members and senior management related to compensation committee process, and to-date there has been limited market data (e.g., How many execs does the committee approve compensation for? How long is the typical committee meeting? How many, and which, members of management typically attend committee meetings? How many pre-meetings with the chair is typical?).
Founding Partner, Compensation Advisory Partners LLC
Melissa Burek is a founding Partner of Compensation Advisory Partners LLC (CAP) in New York. She has 25 years of experience consulting with Boards and management in all areas of executive and director compensation, including compensation strategy, incentive plan design, performance measurement and regulatory/governance issues. Melissa has assisted numerous Fortune 250 companies, as well as companies involved in IPOs and restructurings, and has significant experience in the insurance, industrial/automotive, and consumer products industries. She has published numerous articles on best practices research and is a frequent speaker on executive compensation.
Prior to joining CAP, Melissa was a Principal at Mercer’s Human Capital business for eleven years. Prior to that she was a Director in KPMG’s Performance and Compensation Consulting practice and also worked in HR with the Ford Motor Company.
Partner, Compensation Advisory Partners LLC
Matt Vnuk is a partner of Compensation Advisory Partners LLC (CAP) in New York. He has more than 15 years of experience advising boards and management in all areas of executive and director compensation, across a wide range of public and private companies, with a focus on the financial services, high-tech and retail/apparel industries. He has worked with a number of clients to craft best in class CD&A’s, and has significant experience with founder-led companies.
Matt leads CAP’s methodology committee, regularly authors CAP client alerts, and has been quoted by or written for numerous publications; e.g., Agenda, Directorship and The Wall Street Journal. He has also authored several comment letters to the SEC and ISS, and is a regular speaker at compensation and regulatory-focused events sponsored by leading industry organizations.
Dinesh C. Paliwal
Lead Independent Director, Raytheon Technologies, Nestle and KKR & Co.
Dinesh Paliwal (New York) joined KKR in 2021 and is a Partner within the firm’s Americas Private Equity business. He currently serves as Executive Chairman and Lead Director of Marelli, a KKR Portfolio company. Prior to joining KKR, Mr. Paliwal spent 35 years in the corporate world, living and working in six countries on four continents. Mr. Paliwal was Chairman and CEO of HARMAN (2007-2020), a global leader in connected car technologies, audio solutions, SaaS including cyber, cloud based OTA and IoT solutions. Prior to HARMAN, he was with ABB for 22 years and served in dual roles simultaneously - President of ABB Group in Switzerland and Chairman and CEO of ABB North America. Mr. Paliwal was on Fortune Magazine’s “Business Person of the Year” list and was listed in Yahoo Finance’s 5-Star CEOs. Mr. Paliwal serves on the board of directors of Nestle, Raytheon Technologies and on Miami University’s Board of Trustees. He has served on the boards of Bristol Myers Squibb, TYCO (Johnson Control), ADT Securities, Embarq (Century Link) and ABB India. Mr. Paliwal received his master's degree in engineering from the Indian Institute of Technology, and earned MSc in Engineering and an MBA in Finance, both from Miami University in Ohio. He also received an honorary Doctor of Laws degree from Miami University.
Director, Encompass Health and Blue Bell Creameries
Publishing Director, Directors & Boards