Director of Rewards, MEA at Qasr Holdings
Dubai, UAE
270 points4 ribbons8 discussions23 replies3 answers accepted
Replied to in Executive Compensation ·
How candid should the remuneration report be after a 71% say-on-pay vote?
Helpful, thank you. We are going with the three-column table and the outreach numbers up front. Legal are comfortable provided it stays at the level of themes.
Answered in Executive Compensation ·
How candid should the remuneration report be after a 71% say-on-pay vote?
✓ Accepted answer · The proxy advisers look for three things after a vote under about 80%: how many holders you spoke to and what share of the register they represent, whether dire
Replied to in Job Architecture & Careers ·
Three years into a global job architecture rollout — what I'd do differently
How did you handle countries where the legal job title carries a statutory meaning? That is where our framework keeps bending.
Answered in Executive Compensation ·
After a 40% share price fall, how much do you scale back the LTIP grant?
✓ Accepted answer · We did a version of both, and it avoided the argument. The number of shares was set using the average price over the previous twelve months in place of the usua
Replied to in Executive Compensation ·
Sharing the one-page decision record our remuneration committee now uses
I would add a seventh: the advice received and from whom. We were asked by the regulator whether the committee had seen the risk function's view before confirmi
Replied to in Executive Compensation ·
Long-term incentives in a family-owned group where issuing shares is off the table
A formula is fine until an acquisition or a large capital programme distorts it. We have an external valuation every second year and roll forward with the formu
Replied to in Executive Compensation ·
Benchmarking non-executive director fees for a mutual with no listed peers
We use three reference points and show all of them: other mutuals and member-owned funds, listed financial companies of similar balance sheet size, and large no
Asked in Executive Compensation ·
Pre-IPO equity in a PE-backed software business: what happens to the sweet equity at listing?
3 replies
Asked in Executive Compensation ·
What dilution limit are investors accepting for a new share plan in Singapore?
1 reply
Replied to in Executive Compensation ·
A one-off award cost us more goodwill with investors than it bought in retention
The private equity comparison is the trap. The headline is a multiple of invested capital on an exit that may never happen, with the executive's own money at ri
Asked in Executive Compensation ·
Is twelve months' salary and target bonus still normal severance for a listed CFO?
2 replies
Replied to in Executive Compensation ·
Setting a three-year EPS range for PSUs when the order book only covers nine months
We use three one-year targets, each set at the start of its year, averaged, with a relative TSR modifier of plus or minus 20% over the full three years. Outcome
Answered in Executive Compensation ·
CEO pay ratio jumped from 58:1 to 94:1 because of one vesting. How are you explaining yours?
✓ Accepted answer · We show both and have done for four years without criticism. The required ratio comes first, on the total single figure, with no commentary softening it. Direct
Replied to in Executive Compensation ·
Avoiding a second strike: what our shareholder engagement looked like in practice
On holders who would not meet, we did the same: a letter, plus a recorded 15 minute briefing by the chair. About 40 downloads, so somebody watched it. And yes,
Replied to in Executive Compensation ·
Avoiding a second strike: what our shareholder engagement looked like in practice
A note of caution on declining requests. We declined one, a request to disclose bonus targets in advance, and explained why. One proxy adviser still recommended
Replied to in Executive Compensation ·
Buying out forfeited awards for an external CEO hire: how do you avoid overpaying?
We asked for the award agreements and the latest performance tracking, under a confidentiality letter, and valued each tranche separately. Time-vested shares at
Posted in Executive Compensation ·
We dropped stock options from the LTI mix and I am not sure it was right
5 replies
Replied to in Executive Compensation ·
What three years of share price swings taught us about PSU vesting schedules
We cap at 250% of grant value and it is standard in our market, so no pushback at board level. Below the board it was harder. The top 60 managers saw it as taki
Replied to in Executive Compensation ·
Restricted shares in place of PSUs: simpler, yes, but is anyone really paying less?
My worry is the underpin. Every one of these plans has one, usually worded so loosely that it will never bite. If the committee will not actually withhold vesti
Posted in Executive Compensation ·
The year our committee cut a formulaic bonus by a third, and how the conversation went
5 replies
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