Following an assessment by the U.S. Department of Homeland Security’s Cyber Safety Review Board that the Chinese hack of its systems in the summer of 2023 was preventable, Microsoft’s decision in May 2024 to start linking Cyber Security to executive pay has many companies wondering if this is something they need to consider.
In this webinar, led by Main Data Group General Manager Brooke Fernandez and Pearl Meyer Principal Adam Kahle, we’ll share examples from this year’s proxies on how some companies are incorporating cybersecurity metrics into executive pay plans. We’ll also share what companies should consider when developing these metrics and determining whether it makes sense to link them to executive pay. Such considerations include whether this approach makes sense for a particular industry and whether the company has a culture of following cyber security protocols (and if not, would tying it to executive pay improve its adherence to the protocols).
We’ll also look at how these metrics compare to ESG metrics and other risk management and safety goals that mining and energy companies as well as manufacturers and industrial companies incorporate into their proxy filings. We will evaluate the considerations involved in determining if cybersecurity should be a part of companies’ ESG reporting.
At this webinar, attendees will learn about:
- The key considerations for Compensation Committees to evaluate in determining if a Cyber Security metric is appropriate for their organization.
- The different approaches to incorporating Cyber Security metrics in executive incentive plans.
- The advantages and drawbacks of incorporating these metrics into executive compensation frameworks.
- The factors that are shaping governance norms.
Join us for this webinar to gain insights into future potential regulatory developments, evolving stakeholder expectations, and future implications of Cyber Security Metrics for businesses worldwide.
Brooke Fernandez is the General Manager of Main Data Group (MDG), a provider of executive compensation benchmarking and corporate governance analytics. Brooke joined the company in 2022 and has deep experience in services, technology, and B2B SaaS subscription services.
MDG’s mission is to empower executive compensation professionals with meaningful, comprehensive Total Rewards and corporate governance information through the industry’s most cost-effective and easy-to-use data platform. The MDG team continues to innovate upon a comprehensive proxy database and offers custom research services to top-tier companies and Executive Compensation firms worldwide.
Over the last decade, her career has focused on sales and marketing roles, building and executing go-to-market strategies for startups and more mature companies. She holds a bachelor's degree from UCLA and a master's degree from the Stanford Graduate School of Business.
Adam Kahle is a principal at Pearl Meyer.
He has more than 20 years of experience in both corporate compensation and consulting. His consulting experience covers a range of industries, including business services, consumer products, education, energy, financial services, healthcare, industrial manufacturing, life sciences, media and telecommunications, retail, transportation, and technology.
Additionally, Adam is a privately held company executive compensation expert with experience in pre-IPO planning and long-term incentive plan design.
