By now you may be familiar with the basics of the SEC's new pay versus performance (PVP) disclosure rule adopted in August. With few exceptions the PVP rule impacts public companies filing proxies for fiscal years closing on or after December 16, 2022. Join our panel of experts to gain a clear understanding of what’s required to disclose in your 2023 proxy.
You’ll learn:
- Learn about the three main components of the new rule.
- Review points of clarification discovered while collecting data and drafting disclosures.
- Understand potential unintended consequences.
- Hear how to address the key decisions management and compensation committees need to make.
Heather Marshall is a senior director in WTW's Executive Compensation Practice, based in New York City. She has over 14 years of experience working in the U.K. and U.S. Heather leads the firm’s Consumer Goods industry team, and is an expert in compensation-related disclosures and communication.
Heather advises companies, both at Committee and management level on a range of topics including the design of global incentive plans, performance metric selection, technical calibration and costing reviews of incentive plan metrics, and shareholder engagement.
In 2008, Heather completed the Institute of Chartered Secretaries and Administrators (‘ICSA’) certificate in Employee Share Plans, finishing top of her class passing with distinction. In 2017, Heather co-authored a guide on developing impactful CD&As.
Heather holds a B.Sc. (Hons.) in Mathematics from Edinburgh University, which included detailed study of Financial Mathematics and an Industrial Management course.
Steve Seelig is a senior director in the Center for Research and Innovation of WTW in Arlington, Virginia.
Steve serves as the firm’s expert on matters involving the taxation, accounting and legal implications (including SEC disclosure requirements) of all forms of executive compensation, benefit and perquisite programs. Steve is a frequent public speaker on executive compensation matters and a prolific author.
Follow him and other Willis Towers Watson consultants at the Executive Compensation Matters blog. Steve is a member of the District of Columbia and New York State bars. He holds an LL.M in Taxation from Boston University Law School, A Juris Doctor from Catholic University Law School and a Bachelor of Arts degree from the University of Rochester. Before joining Willis Towers Watson, Steve worked in the National Tax Office of a (then) Big 5 accounting firm.
Karen has more than 25 years of total rewards experience including executive and broad-based compensation, benefits and employee wellbeing. Her professional experience also includes talent development and performance management.
Karen has led total reward teams covering executive and broad-based compensation, global benefits and HRIS. She joined Travel + Leisure Co. to establish and lead the corporate total rewards function for the public company post spin-off of the hotel group and currently serves in an executive advisory capacity. Karen has held corporate total rewards roles at large multi-national consumer products companies including Newell Brands and Unilever and has led redesigns of reward programs and performance management systems as well as large- scale business integrations.
She holds a B.S. degree from Cornell University, School of Industrial and Labor Relations and an MBA in Finance and Marketing from University of Rochester, Simon School of Business. In addition, Karen holds the WorldatWork Certified Compensation Professional® (CCP®) designation.
She is a member of WorldatWork Executive Rewards Advisory Council and a member of the WorldatWork faculty.
