LOS ANGELES--(BUSINESS WIRE)--Farient Advisors LLC – an independent executive compensation and performance advisory firm and recognized thought leader in pay-for-performance alignment – announces the launch of the Farient Pay Tracker: http://www.farient.com/information-services/pay-tracker/.
“PAC most closely matches compensation to the performance time period analyzed and more effectively removes distortions in stock option and performance share valuations.”
Introduced to coincide with the re-launch of Farient’s website, the Farient Pay Tracker is the only resource of its kind that provides daily say-on-pay vote results for Russell 3000 companies, and flags companies with potentially systemic pay-for-performance alignment issues. A weekly report will also be distributed that summarizes voting results and examines the root causes of misalignment in flagged companies. Click here to access the most recent report.
Simple point-and-click and screening features allow users to sort vote results by industry, annual sales, whether there are potential alignment issues and voting percentage. Results may be further sorted by companies that received greater than 80 percent approval, between 50-80 percent and less than 50 percent. This feature allows users to easily tally the number of “yes” and “no” say-on-pay votes, but also extends deeper into the analysis by identifying the companies that narrowly passed their vote.
“In say on pay, ‘not guilty’ doesn’t imply innocence,” said Robin A. Ferracone, CEO of Farient Advisors. “It’s just as important to examine why a company received 60 percent approval two years in a row as it is to see why investors voted against a pay package.”
The Farient Pay Tracker also spotlights companies with potentially misaligned pay for performance, regardless of vote outcomes. This designation is derived from Farient’s analytical process to evaluate pay for performance that incorporates Farient’s definition of pay – Performance Adjusted Compensation (PAC).
“There is too much confusion around how to define ‘pay.’ PAC was designed to be used in pay for performance analyses and addresses many of the issues associated with other pay definitions,” said Jack Zwingli, leader of information services at Farient. “PAC most closely matches compensation to the performance time period analyzed and more effectively removes distortions in stock option and performance share valuations.”
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About Farient Advisors LLC
Farient Advisors LLC is an independent executive compensation and performance consultancy. The Firm offers services focused on global compensation strategy and planning, program design, competitive pay analysis, employment contract negotiations, board of director compensation, CD&A and technical reviews, assistance in transactional situations, and decision and process support. Additionally, Farient provides assessments on pay and performance alignment through the use of its proprietary Performance Alignment Reports™ (PARs™) and database covering the Russell 3000. Founded in 2007, the company has offices in New York, Los Angeles and London, through its London affiliate Kepler Associates.