Reward leadership programme 2014 - A

Reward leadership programme 2014
A Remuneration Group and Towers Watson programme
focused on senior management and executive compensation
2014 programme
The aim of the programme is to support the development
of reward specialists or HR generalists in the area of senior
management and executive compensation by providing relevant
technical training, sharing senior practitioners’ experience and
insights and setting both in the context of wider research and
discussion. The programme also supports the development of
attendees’ own personal networks.
Who should attend?
• HR, reward or compensation managers who already
have some experience in senior management and
executive remuneration
• Heads of reward who would like to strengthen
their executive compensation knowledge
Agenda
The programme comprises nine three-hour sessions.
Each session is hosted by a group reward director
(and Remuneration Group member) from a leading
FTSE company who co-presents with one or two senior
Towers Watson consultants.
Each session will comprise:
• 1-2 hours pre-read
• Core case study and discussion
(led by the sponsor) with complementary
technical content (led by Towers Watson)
• Further technical information in handouts
Dates and location
From May to October 2014
Towers Watson,
71 High Holborn,
London, WC1V 6TP
8.30am – 12.00pm (including breakfast)
Course fees
£3,000 inclusive of materials and breakfast
What do I do now?
To book a place on this programme, please register
online at www.towerswatson.com/RewardAcademy
2 towerswatson.co.uk
Session 1: Why is executive
compensation different?
Tuesday 13 May 2014
• What is different and why is it different?
• Background to current structure and levels
• Underlying theories (for example, agency theory)
and research
• What does all this mean in terms of managing
executive pay internally and externally?
• Current debates (for example, performance
versus simplicity; external market versus
internal relativities)
• Impact of 2013 reporting regulations
Facilitators: Derek Steptoe – Worldwide Compensation
and Benefits Director – WPP
Katharine Turner – Towers Watson
Alasdair Wood – Towers Watson
Session 2: Internal and
external governance
Tuesday 20 May 2014
• Dynamics of working with the
Remuneration Committee
• Effective Remuneration Committee processes
• Historical context to UK governance
• Current UK governance framework and
recent developments including 2013 reporting
regulations and recent guidelines in the financial
services sector
• Communicating with shareholders
• Managing disclosure
Facilitators: John Beadle – Global Practice Leader,
Total Rewards – Rio Tinto
Mark Reid – Towers Watson
Richard Latham – Towers Watson
Session 3: Managing fixed pay
Tuesday 3 June 2014
•• The executive pay model
•• How the management of executive base
pay is different
•• The ‘lenses’ being applied to executive
pay and analysis required
•• Using market data in an executive context
•• Executive pensions and other benefits – introduction
and trends
Facilitators: David Carlin – Global Reward
Director – Unilever
John Pymm – Towers Watson
David Bird – Towers Watson
Session 4: Short-term incentive design
Tuesday 24 June 2014
•• Structure of arrangements
•• Choice of performance measures
•• Calibration setting and target setting
•• Institutional investor views
•• Market trends including practices in the financial
services sector
•• Managing disclosure
Facilitators: Harriet Kemp – Director of Group
Reward – Compass Group
Sally Moore – Performance and Reward
Director – Diageo
Richard Belfield – Towers Watson
Katie Johnston – Towers Watson
Session 5: Long-term incentive
design (LTI)
Tuesday 1 July 2014
•• Structure of plans
•• Choice of performance measures
•• Calibration setting and target setting
•• LTI valuation and accounting treatment overview
(more detail provided in session six)
•• Institutional investor views
•• Market trends including practices in the financial
services sector
•• Amending plans
•• Managing disclosure
Facilitators: Drew Matthews – Group Remuneration
Director – Tesco
Leigh Harrison – Group Reward Director – RSA
Insurance Group
Andrew Curcio – Towers Watson
Mark Rowe – Towers Watson
Session 6: Tax, accounting
and valuation
Tuesday 15 July 2014
•• Introduction to valuation of incentive awards – covering
accounting fair value, economic expected value and
perceived value
•• Overview of IFRS accounting for
remuneration-related expenses with a focus
on equity-based awards
•• Taxation of executive arrangements including
UK pension tax
Facilitators: Roger Fairhead – Group Head of
Compensation and Benefits – SAB Miller
Damian Carnell – Towers Watson
Alasdair Wood – Towers Watson
Session 7: Executive recruitment and
termination: transaction rewards
Tuesday 16 September 2014
•• Recruitment and termination
•• Dynamics of executive recruitment
•• Managing ongoing contractual liabilities
•• Legal framework and dynamics of
executive termination
•• Transaction rewards
•• Due diligence
•• Retention
•• ‘First hundred days’ for reward director
•• Integration of acquisitions
Facilitators: Paul Farley – HR Director, Reward – BAE
Dan Perrett – Towers Watson
Paul Christian – Towers Watson
Session 8: Managing
international reward
Tuesday 30 September 2014
•• Developing a global reward framework
•• Managing pay for a global executive cadre
•• Share and benefits plans with
international participation
•• Developing a global governance framework
•• Integrating management of risk into reward
•• Addressing globally mobile employees
(Note: this session is not primarily about
expatriate pay)
Facilitators: Ian Franklin – Vice President, Executive
Remuneration and Expatriate Policy – Shell
Gary Luck – Towers Watson
Jeremy Hill – Towers Watson
Raffaela Stutz – Towers Watson
Session 9: Current trends
and topical issues
Tuesday 14 October 2014
•• Pay trends for 2014
•• Looking ahead to 2015
•• Other issues not covered in the programme that
attendees would like covered
Facilitators: Don Cuthbert – Group Head,
Compensation and Benefits – Imperial Tobacco
Damian Carnell – Towers Watson
Alex Little – Towers Watson
Reward leadership programme 2014 3
About Towers Watson
Towers Watson is a leading global professional services
company that helps organisations improve performance
through effective people, risk and financial management.
With more than 14,000 associates around the world, we
offer consulting, technology and solutions in the areas
of benefits, talent management, rewards, and risk and
capital management.
Towers Watson
71 High Holborn
London
WC1V 6TP
Towers Watson is represented in the UK by Towers Watson Limited.
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TW-EU-2013-35573b. March 2014.
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