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Troubled Asset Relief Program (TARP) Pose Real Challenges and Risks Certifying Executive Compensation!

Troubled Asset Relief Program (TARP) Pose Real Challenges and Risks Certifying Executive Compensation!

Published 12-17-08

Submitted by OCEG - Open Compliance & Ethics Group

PHOENIX, AZ. - December 17, 2008 - The executive compensation certification requirements for companies participating in the Troubled Asset Relief Program (TARP) pose real challenges and risks. Just how do we determine what is "excessive risk" and whether a particular approach to executive compensation might contribute to it? How safe are we in signing a certification without undertaking a complete exec comp and risk re-analysis? Just what steps must we take to avoid creating a false claim or other criminal or civil liability by submitting a certification that turns out to be insufficient or incorrect? Just what "best practices" should we follow? What executive compensation certifications may be applied to other industries in the not too distant future?

These questions and more will be discussed by our roundtable of experts in risk, finance, and executive compensation.

Join Carole Switzer, OCEG President and our panel of experts:

Brian Dunn, President of McLagan, a subsidiary of Aon Corporation, and chief executive officer of global compensation for Aon Consulting, specializes in incentive and executive compensation and has advised a number of major U.S. and foreign institutions. During his 27-year career, Brian's articles have been published in numerous finance and compensation oriented publications and he has spoken extensively worldwide.

Randy Nornes, Executive Vice President, Aon Global Americas, has served Aon, a leading insurance brokerage firm, for more than 20 years in a variety of leadership and client advisory capacities. He is one of Aon's leading authorities on Enterprise Risk Management, Corporate
Governance, and Strategic Risk Management.

Steven Friedman, Shareholder, Littler Mendelson, is Chair of the firm's Employee Benefits Practice Group. He has broad experience in dealing with the legal, financial and administrative issues arising under benefit and executive compensation arrangements. Prior to joining Littler Mendelson, Mr. Friedman spent almost ten years as Benefits Counsel for a major multinational electronics and entertainment company. Mr. Friedman has appeared on CNN, and has been quoted
in national newspapers, magazines and business publications on employee benefits topics.

Ellen Sueda, Shareholder, Littler Mendelson, brings over ten years of experience and a focused practice on executive compensation and equity compensation, non-qualified deferred compensation plans, stock option plans, employee stock purchase plans, restricted stock plans, change in control plans, and executive employment, retention and severance agreements. She has extensive experience with mergers and acquisitions issues, including golden parachute arrangements and conversion of stock options.

Register at: http://www.oceg.org/takesurvey/onestopwebinar

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OCEG - Open Compliance & Ethics Group

OCEG - Open Compliance & Ethics Group

OCEG is the only nonprofit offering comprehensive guidance, standards, benchmarks and tools for integrating governance, risk and compliance (GRC) processes. Our unique platform and organizational structure helps you take advantage of contributions from thousands of experts and companies - many of them just like yours. Our guidance, benchmarking, custom tools and communities of practice help you perform - not just comply. OCEG offers value you can exploit today, tomorrow and as your company grows.

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