Thought Capital

Hugessen has completed its annual review of the 2024 TSX60 proxy circulars, and we are pleased to share key findings on executive pay levels, incentive design, Say-on-Pay results, and other governance topics.

This webinar addresses how Boards are navigating modern issues and trends tied to executive compensation, governance, ESG, and Board effectiveness.

Please click above for the webinar recording, download the TSX60 slides here and the briefing document here.

Welcome to the Hugessen Compensation Fundamentals series. In this article, we'll explore clawback provisions, a critical component of compensation governance.

On April 16, 2024, the federal government tabled its 2024 budget with an overarching theme of providing “fairness for every generation”.  This brief note focuses on capital gains and stock option taxation.

In Part II of our Say on Pay series, Hugessen explores the impact of proxy advisor recommendations on Say on Pay votes – see Part I (link) for the most common rationale of low Say on Pay outcomes.

In this briefing, we delve into the most common reasons why shareholders vote against a company’s advisory vote on executive compensation (Say on Pay). We also highlight the reasons why proxy advisory firms (Institutional Shareholder Services (ISS) and Glass Lewis) commonly recommend voting against Say on Pay. In Part II, Hugessen will conduct an analysis assessing the impact that a negative recommendation from one or both proxy advisors might have on a company’s Say on Pay vote.

This video and article will delve into the intricacies of executive compensation. In this installment, we will explore the concept of realized and realizable pay analysis, and shed light on the alignment between executive pay and actual performance.

In this article, we focus on Compensation Peer Groups, exploring their significance and the process of establishing them to inform pay decisions within an organization.

Boards of directors today are under increased pressure to deliver results. Both external stakeholders and those within the organization expect boards to generate value through strategic decision-making. An effective board is more than a group of individuals; it's a cohesive unit that makes decisions to create, preserve, and protect value, ultimately serving as a strategic asset for the organization.

Following a few years of high valuations and numerous initial public offerings (“IPOs”), 2023 saw a dwindling of IPO activity and many companies going private. Against this backdrop, this article focuses on the compensation implications of a privatization event, specifically as it relates to equity compensation for the executive team.

The 2023 edition of our Director Pulse Survey captures prevailing sentiment on corporate performance, board priorities, expected 2023 incentive payouts and action, ESG in compensation, human capital challenges, and board effectiveness.