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Equilar PublicationsCommentary and research from Equilar frequently appears in leading business and trade publications. Recent coverage includes mentions in Bloomberg, BusinessWeek, Reuters, The New York Times, and The Wall Street Journal.

2014 Reports

All Executive Compensation Board Compensation Corporate Governance
2014 TSX Equity Trends Report

2014 TSX Equity Trends Report

2014 TSX Equity Trends Report

Learn more by requesting the full report. // Our latest research reveals that Canadian companies have shared in the broader international shift toward the use of performance-based, full-value awards or units, yet they contin
2014 CEO Pay Strategies Report

2014 CEO Pay Strategies Report

2014 CEO Pay Strategies Report

Learn more by requesting the full report. // CEO compensation plans serve both as reflections of broader economic circumstances and as beacons that illuminate shareholders’ expectations of their chief executives. In 2013,
An Early Look at Proxy Voting Analytics

An Early Look at Proxy Voting Analytics

An Early Look at Proxy Voting Analytics

During the 2014 proxy season, U.S. public companies have had, on average, results that are consistent with last year’s Say on Pay votes, with nearly three-fourths of the companies in the Russell 3000 receiving greater than 90% shareholder approval.
2014 Equity Trends Report

2014 Equity Trends Report

2014 Equity Trends Report

Report Summary Learn more by requestingthe full report. // The last year witnessed the continuation of a long-term shift from options to performance-based, full-value shares, mirroring the increased emphasis placed on performan
Paying for Performance in the TSX Composite

Paying for Performance in the TSX Composite

Paying for Performance in the TSX Composite

Companies face increasing scrutiny from shareholders to showcase how their CEO compensation plans are tied to company performance and shareholder value. While shareholder engagement is an important part of this process, setting up an effective pay pa
Shareholder Value Transfer in the Technology Sector

Shareholder Value Transfer in the Technology Sector

Shareholder Value Transfer in the Technology Sector

Key Findings ▶ Nearly half of sample technology companies had an SVT percentage between 10% and 15%. ▶ The median company had 59% of its SVT attributable to total shares available and 41% of its SVT attributable to overhang. ▶ Over h
TSX Energy Industry: A Look at CEO Compensation

TSX Energy Industry: A Look at CEO Compensation

TSX Energy Industry: A Look at CEO Compensation

Key Findings ▶ 2012 was a strong year for TSX energy CEOs, especially at the top. ▶ Growth in TSX CEO pay was driven by equity. ▶ TSX energy CEO pay mix is more similar to U.S. energy companies than it is to other Canadian companies.
Change-in-Control Equity Acceleration Triggers

Change-in-Control Equity Acceleration Triggers

Change-in-Control Equity Acceleration Triggers

Many companies provide for the accelerated vesting of equity previously granted to their executive officers in connection with a change in control (CIC) of the company. Such acceleration usually takes place either immediately upon the consummation
A Study of Changes from a Failed 2012 Say on Pay Vote

A Study of Changes from a Failed 2012 Say on Pay Vote

A Study of Changes from a Failed 2012 Say on Pay Vote

Every year since the advent of Say on Pay in 2011, companies with Say on Pay approval rates lower than 50% have had to show shareholders that they can make appropriate changes to compensation policies or else risk failing again in subsequent votes. A
Innovations in CD&A Design: A Proxy Disclosure Analysis

Innovations in CD&A Design: A Proxy Disclosure Analysis

Innovations in CD&A Design: A Proxy Disclosure Analysis

In a fast-changing regulatory environment, companies are designing CD&As to effectively communicate their pay stories and promote understanding among various stakeholders. In partnership with RR Donnelley, our latest report provides an in
Advances in CD&A Design

Advances in CD&A Design

Advances in CD&A Design

For many years, companies have exerted considerable effort to help shareholders better understand their philosophies on executive pay. One of the primary means companies use to achieve this goal is through the Compensation Discussion and Analysis (CD
Performance Metrics in Annual Incentive Plans

Performance Metrics in Annual Incentive Plans

Performance Metrics in Annual Incentive Plans

As companies face more pressure to align pay and performance, variable pay constitutes an increasingly large portion of executive pay packages. The incentive plans that define the conditions attached to this pay are important tools for companies to r
2013 TSX 60 Peer Group Study

2013 TSX 60 Peer Group Study

2013 TSX 60 Peer Group Study

The disclosure of peer groups used to benchmark executive pay is an important component of public compensation disclosure. It enables companies to show that pay is based on market practices and comparable to that of similar companies. Though, the use
Paying the Newly Hired CFO: A Compensation Analysis

Paying the Newly Hired CFO: A Compensation Analysis

Paying the Newly Hired CFO: A Compensation Analysis

A company in search of a new CFO must decide whether to fill its vacancy by promoting a current employee or by hiring an external candidate. The decision depends on a number of factors, including the suitability of internal successors, compensation,
2014 S&P 1500 Peer Group Report

2014 S&P 1500 Peer Group Report

2014 S&P 1500 Peer Group Report

Often described as more of an art than a science, creating the right peer group is essential to setting appropriate pay for your executives. The 2014 S&P 1500 Peer Group Report offers insight into the various methods and the latest trends
2014 Realizable Pay 101 Report

2014 Realizable Pay 101 Report

2014 Realizable Pay 101 Report

As more companies incorporate supplemental pay disclosures in their CD&As, various calculations have been developed by ISS, Glass Lewis, and The Conference Board Working Group. Over time, one of these may gain widespread adoption. For a d

2013 Reports

All Executive Compensation Board Compensation Corporate Governance

2013 Consultant League Tables

Executive Summary Pay policies continue to receive attention due to the combination of required shareholder votes on executive compensation and increased public scrutiny. Decisions regarding executive compensation are now a central focus since shareholders now have a vote on the topic. As a result,
The New York Times 100 Highest-Paid CEOs

The New York Times 100 Highest-Paid CEOs

The New York Times 100 Highest-Paid CEOs

Over the past seven years, Equilar has been the preferred data provider to The New York Times for executive compensation information. As part of this collaboration, Equilar provides data on compensation, professional history, and wealth events for executives of publicly-traded companies. Additiona

An Early Look at Realizable Pay of Some of the Highest Paid CEOs

As Featured on  Over the past two and a half years, executive pay has received increased scrutiny as issuers, proxy advisors, and shareholders have reacted to government-mandated Say on Pay votes. In order to avoid failing the Say on Pay vote, companies must consider their own pay and performance
2014 Compensation and Governance Outlook Report

2014 Compensation and Governance Outlook Report

2014 Compensation and Governance Outlook Report

Report Summary Learn more by requestingthe full report. Each year, Equilar highlights critical areas that will affect those dealing with compensation and governance issues in the upcoming year. The Compensation & Governance Outlook Report delves into emerging trends in the fields of
2013 Say on Pay Warning Signs

2013 Say on Pay Warning Signs

2013 Say on Pay Warning Signs

Report Summary Learn more by requestingthe full report. By examining companies that failed Say on Pay votes in either 2011 or 2012, this report aims to provide insight into warning signs for potentially failing a vote. The majority of companies that failed their votes reported lower
2013 Equity Trends Report

2013 Equity Trends Report

2013 Equity Trends Report

Report Summary Learn more by requestingthe full report. Equity vehicles are cornerstones of an effective compensation strategy. Due in part to the volatility of the stock market over the last several years, the rise of new equity vehicles is one key issue facing investors, directors and
2013 Executives on Boards: A Profile of CFOs Serving as Independent Board Members

2013 Executives on Boards: A Profile of CFOs Serving as Independent Board Members

2013 Executives on Boards: A Profile of CFOs Serving as Independent Board Members

Report Summary Learn more by requestingthe full report. Board service is now recognized as a valuable professional development tool for executives, especially as a part of companies’ succession planning processes in preparing potential CEO candidates. For these executives, serving on
ISS and Glass Lewis 2013 Policy Update Comparison

ISS and Glass Lewis 2013 Policy Update Comparison

ISS and Glass Lewis 2013 Policy Update Comparison

Institutional Shareholder Services and Glass Lewis have each updated their proxy voting guidelines in advance of the 2013 proxy season.  Individually, these updates may seem like minor changes, however, when looked at in the context of overall pay-for-performance analyses of these proxy advisors, t

Say on Pay Peer Group Turnaround Changes

Introduction Peer group benchmarking of executive compensation is a widely discussed topic. When it comes to setting executive pay levels, the use of a peer group as a basis for comparison is one of the more common methods used by compensation committees. Thus, this brings up the question of how pe

General Counsel Insights

In this ever-changing economic and regulatory climate companies face a growing number of legal challenges, increasing the profiles and demands placed on General Counsels. The General Counsel’s role has grown in dimension as companies have an increasing need to manage the mounting legal and regulat

A Study of the Changes from a Failed 2011 Say on Pay Vote

Introduction Say on Pay continued to make its impact on companies both large and small throughout 2012. Companies with less than 50% approval for their 2012 Say on Pay have likely reexamined their executive compensation policies in order to increase shareholder approval for this year’s vote – a

Equity Vesting Schedules for S&P 1500 CEOs

According to the 2012 Equilar S&P 500 CEO Pay Strategies Report, stock and option awards represent approximately 63.0% of the value of a CEO’s total compensation. Analyzing this portion of CEO pay provides insight into the long-term incentives that drive many executives’ decisions. Although
Measuring Short-Term and Long-Term Performance in 2012

Measuring Short-Term and Long-Term Performance in 2012

Measuring Short-Term and Long-Term Performance in 2012

An Analysis of S&P 1500 Incentive Plan Metrics With the passing of the Dodd-Frank Act, there has been an increased focus on Say on Pay. More publically traded companies are attempting to improve their chances of passing their Say on Pay votes by aligning executive compensation with performance.

Outlook on 2013 Say on Pay Responses

Introduction To date, 98% of the companies that have held Say on Pay advisory votes on their CEOs’ compensation packages have passed, which is slightly higher than the 2012 passing rate of 97.4%. The median approval rate of the companies that passed has remained roughly the same, with passing rat

S&P 1500 Board Profile - Board Composition & Recruiting Trends (Pt 3)

As the regulatory environment evolves and companies’ business strategies change, so does the expertise required to serve on a board of directors. Equilar has partnered with Corporate Board Member magazine and The Miles Group to compile a detailed overview of board composition and board recru
2013 Benefits and Perquisites Report

2013 Benefits and Perquisites Report

2013 Benefits and Perquisites Report

Learn the key benefits and perks that CEOs in the Fortune 100 receive and what benefits are being eliminated from CEO pay plans. The 2013 Benefits and Perquisites Report provides a comprehensive overview of these issues and is a valuable tool for developing compensation packages for executives
2013 CEO Pay Strategies Report: Compensation at S&P 400 Companies

2013 CEO Pay Strategies Report: Compensation at S&P 400 Companies

2013 CEO Pay Strategies Report: Compensation at S&P 400 Companies

Report SummaryLearn more by requestingthe full report. As part of our CEO compensation report series, we provide a broad-based analysis of CEO compensation strategies for S&P MidCap companies. MidCap CEO Pay Continues UpwardMedian total compensation for MidCap CEOs grew 5.7%, sli
2013 CEO Pay Strategies Report: Compensation at S&P 600 Companies

2013 CEO Pay Strategies Report: Compensation at S&P 600 Companies

2013 CEO Pay Strategies Report: Compensation at S&P 600 Companies

Report SummaryLearn more by requestingthe full report. As part of our CEO compensation report series, we provide a broad-based analysis of CEO compensation strategies for S&P SmallCap companies. Upward Trend In CEO Pay ContinuesMedian total compensation for SmallCap CEOs grew 4.6

S&P 1500 Board Profile - Committee Fees (Pt 2)

While the prevalence and value of committee member retainers has increased, the use of committee meeting fees has fallen. However, a high percentage of companies still do not provide additional compensation for committee service. Gain insight and perspective on the latest trends in this area o

S&P 1500 Board Profile – Board Fees (Pt 1)

Equilar produced a three-part report series of S&P 1500 companies covering board retainers, committee fees, and board composition. For the first report of the series, Equilar partnered with the Society of Corporate Secretaries and Governance Professionals and Meridian Compensation Partners
2013 Voting Analytics Report

2013 Voting Analytics Report

2013 Voting Analytics Report

Looking ahead to 2014, the Voting Analytics Report provides the latest trends in proxy voting and valuable insights for companies to keep in mind as they prepare for the next proxy season. Report SummaryLearn more by requestingthe full report. TSR performance reveals part, but not all,
2013 Clawback Policy Report

2013 Clawback Policy Report

2013 Clawback Policy Report

Clawback policies have become increasingly complex, broader in scope, and more likely to include a variety of compensation vehicles. At a time when new clawback rules from the SEC appear imminent, the 2013 Clawback Policy Report provides valuable analyses and disclosure examples on this notabl
2013 CEO Realizable Compensation Report

2013 CEO Realizable Compensation Report

2013 CEO Realizable Compensation Report

Report SummaryLearn more by requestingthe full report. Shareholders’ desire for greater transparency brings with it a need to define pay and performance. The 2013 Realizable Compensation Report provides insight into an emerging concept in executive pay that could prove invaluable for
2013 CEO Pay Strategies Report: Compensation at S&P 500 Companies

2013 CEO Pay Strategies Report: Compensation at S&P 500 Companies

2013 CEO Pay Strategies Report: Compensation at S&P 500 Companies

Report Summary Learn more by requestingthe full report. Pay levels continue to increase for top executives. Total Compensation RisesMedian total compensation for S&P 500 CEOs increased 6.5 percent from approximately $9.0 million in 2011 to $9.7 million in 2012. Accountability fo
2013 TSX 60 CEO Pay Strategies Report

2013 TSX 60 CEO Pay Strategies Report

2013 TSX 60 CEO Pay Strategies Report

With greater globalization and international reach, companies increasingly search for talent across borders and benchmark performance to international peers. Understanding differences in pay between countries continues to grow in relevance. Learn more by requestingthe full report. A ne

Inputs Matter -- A Comparison of Diverse Peer Group and Pay Models

Introduction Since its implementation in 2010, the Dodd-Frank Act has brought about a host of regulations related to corporate governance, and placed executive compensation under greater scrutiny.  One effect of this increased scrutiny is the reframing of the pay and performance discussion, especi

Paying the New Boss: Compensation Analysis for Newly Hired CEOs

Compensation Analysis for Newly Hired CEOs During the CEO succession planning process, certain questions must be answered that will determine where the board will turn for a successor.  For instance, was the CEO change anticipated or unplanned?  How was the company performing prior to the change?

2013 In-Depth Top General Counsel Compensation Report

As Featured in Wall Street Journal and American Lawyer Magazine Companies today face a growing number of legal challenges, including contentious patent wars, intensified government regulation, and highly-scrutinized mergers and acquisitions. With these challenges, the value of top-notch Gener

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