Governing Director and Executive Rewards in Uncertain Times

The current COVID-19 pandemic poses an unprecedented challenge for organisations. As liquidity shortages loom and calls for solidarity are launched globally, director and executive remuneration has become a strategic issue. Key questions are raised :

• How can boards reconcile short-term and long-term considerations in the remuneration policy?
• Should we apply a pay cut at top management level?
• To bonus or not to bonus in 2020?
• Should/will the current situation also impact share-based remuneration (grants)?
• How to balance flexibility in target setting with the new SRDII compliance?
• Which considerations to be made when considering pay-cuts in benefit of charity?
• What about linking pay-cuts to future LTI recovery?

To answer those questions, GUBERNA and Deloitte Directors Net will organise a joint webinar on 29 June (17.00 - 18.00), on the topic “Governing Director and Executive Rewards in Uncertain Times”

What can you expect? Sandra Gobert (Executive Director, GUBERNA) will explain how the 3 roles of the board apply to the current issues regarding remuneration. Xavier Baeten (Partner and Professor, Vlerick Business School) will then present the most recent developments and observations related to market practice. Finally, Sofie Van Breedam (Partner, Deloitte) will provide practical considerations related to the implementation of pay cuts and KPI setting from a reward, legal & tax perspective. After the presentations, we will foresee ample time for your questions.