Executive compensation for the health care industry is always an important topic for the board, made even more critical by the provisions of the Tax Cuts and Jobs Act and recent governance trends. We’re joined by two of the leading health care industry voices on executive compensation practices: Tim Cotter of Sullivan, Cotter and Associates,
How the Tax Act Upsets the Board/Executive Compensation Committee Dynamic
Michael Peregrine and Ralph DeJong wrote this bylined article about what they called the “enormous consequences” for tax-exempt hospital senior executive compensation due to the new Tax Cuts and Jobs Act provisions that place an excise tax on executive compensation and benefits. “From a corporate governance perspective, the significance of these new provisions carries the
Tax Reform Bill Becomes Law: Lessons for Tax-Exempt Organizations
Tax-exempt organizations—especially hospitals and health systems—face a new tax reality now that both houses of Congress have voted to pass the final tax reform bill.
Advising the ‘Cultural Revolution’ in the Boardroom
Michael Peregrine wrote this bylined article analyzing what he called the “significant emerging governance trend” in which corporate boards proactively exercise “more vigorous and direct oversight of the organization’s corporate culture,” reflecting “an increasing awareness of how matters of culture and reputation correlate to the success of an organization, and to the board’s efforts to
Clawbacks, Compliance and Incentive Compensation: A Supplemental Approach
The following post comes to us from Michael W. Peregrine, Partner at McDermott Will & Emery, Andrew C. Liazos, head of McDermott’s executive compensation practice, and Timothy J. Cotter, Managing Director at Sullivan, Cotter, and Associates, Inc.
Governing boards should consider compliance-based incentive compensation as a supplement to statutorily mandated “clawback” provisions, and as an