• Large-cap publicly traded company in the utilities sector

The Issues

  • The company existed in a highly regulated environment; hence, public scrutiny of executive compensation was high
  • There was pressure for the Board to understand and explain to stakeholders the linkage between executive pay and company performance

Our Mandate

Pay for Performance Analysis

  • Prepared an analysis comparing the value of CEO realized and realizable compensation relative to the experience of shareholders over the past 10 years