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“While it’s currently uncommon for companies to provide an explanation of factors they consider when determining director pay, with increased scrutiny from ISS, that is likely to change,” said Jan Koors.
“The steady climb in bank CEO pay since the crisis has been the result of the banks’ improving performance and a favorable U.S. economy… Banks are benefiting from the regulatory pendulum swinging toward reduced red tape,” said Laura Hay.
“I think we've evolved to a point where there’s an acknowledgement that it makes sense to have a more diverse-looking leadership team,” said Melissa Means.
Managing Director Laura Hay says, “As compensation consultants, we look at European practices because they tend to be a bit more social-minded in terms of the gender pay gap, women on boards…and say-on-pay and that can be a predictor for actions compensation committees might think about here.”