Sustainability and executive pay

This webinar discussed sustainability and executive pay in light of the current executive compensation debates and will examine the barriers and possibilities of designing and implementing incentive systems which are linked to sustainability goals.

Misalignment of executive pay is an issue that is high on the public agenda. With growing consensus that there are limitations to how well existing incentive systems reward performance, the search is on for new solutions to executive compensation. The contribution of the sustainability field to this debate has been connected to structuring sustainability performance into pay packages.

Designing incentive systems which integrate sustainability is however extremely challenging and raises a number of questions about the type of incentive systems which can be used, the tasks and employees who can be rewarded, the type of information that is needed to make sustainability-linked incentives function well and methods to determine whether such systems are working.

This webinar featured contributions from industry and academic experts.

Duration: 60min.


Speakers

  Scott Zdrazil, First Vice President – Director of Corporate Governance, Amalgamated Bank

Scott Zdrazil is First Vice President – Director of Corporate Governance at Amalgamated Bank, headquartered in New York. Amalgamated Bank manages approximately $11 billion in assets through its LongView Funds. Mr. Zdrazil coordinates the LongView Funds’ corporate governance program, including proxy voting, policy development, and shareholder engagements that aim to enhance shareholder value by promoting sound governance practices. The LongView Funds typically file several dozen shareholder resolutions each season, including spearheading new proposals in areas such as Board accountability, executive compensation, and long-term sustainability. He holds a B.A. with Honours from the University of Wisconsin at Madison, and an M.A. from the University of the Witwatersrand, Johannesburg.

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  Professor Nicolas Mottis, Professor, ESSEC

Nicolas Mottis joined ESSEC as a professor in 1995, after having held a number of positions in companies from 1988 to 1995: in the Marketing department with Renault Switzerland (1989-90), then as project manager in the Information Systems department of BNP (1990-93), then with Bertelsmann (1993-95). He was promoted to the rank of full Professor in September 2000. He is the former Director of the school (Grande Ecole & MBAs) and still heavily involved in accreditation processes of universities worldwide for the AACSB. He was Member of the Board of the Initial Accreditation Committee of AACSB from 2003 to 2006 and Chair of the Board of the Accreditation Quality Committee (in charge of defining the standards) from 2006 to 2009. He regularly chairs accreditation teams in Europe, North America and Asia. Dr. Mottis obtained his doctorate in economics from Ecole Polytechnique (France) and a ‘Habilitation à Diriger des Recherches’ degree (qualification to supervise research) from the University of Paris Dauphine. He has been Visiting Researcher at Stanford University (US), the Harvard Business School (US) and the Australian Graduate School of Management (Sydney, Australia). His research areas focus on strategic control (corporate governance, value creation, socially responsible investment, incentives and performance measurement) and project management in high tech sectors. He has published many articles and several books on these subjects (for a complete list see: www.essec.edu/professors-research). In 2011 he was the President of the jury of the FIR-Eurosif Prizes and is member of the jury for the Best Paper Award of the PRI Academic Conference since 2010.

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  Kimberly Gladman, Director of Research and Risk Analytics, GMI Ratings

Kimberly Gladman, CFA, Ph.D. is the Director of Research and Risk Analytics at GMI Ratings, an ESG research firm with offices in the US and UK. She oversees GMI’s research practice and leads a group of analysts responsible for governance ratings. Before joining GMI’s predecessor, The Corporate Library, in 2008, she managed a team of associates researching global corporations at Domini Social Investments, a leading socially responsible investment fund manager. She also served as Lead SRI Analyst for Domini’s European equity fund, and spent several years participating in the firm’s shareholder advocacy on social, environmental, and governance issues. Before joining Domini in 2001, Dr. Gladman had an academic career, focused on interdisciplinary research and teaching. She earned a B.A. from Yale University in 1990, and a Ph.D. from New York University in 2001. Dr. Gladman also holds the Chartered Financial Analyst designation.

Questions & Answers

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