ESOP Board Best Practices on CEO Evaluation and Compensation Plans: Presented by the Private Directors Association

In collaboration with the Private Directors Association (PDA), the session allows attendees to learn and ask questions on governance from different perspectives. We plan to have an open workshop with existing board members as well as ESOP leaders, with diverse experiences on governance topics. The goal of the session is to highlight the critical role an ESOP board plays in evaluating and compensating the CEO. Acting as both supervisors and coaches, the board holds the CEO accountable and ensures the company's strategic direction and core values are upheld. This interactive session will cover the role of the board in developing and implementing a CEO assessment and compensation plan. We will go over topics such as:
• Highlighting several case studies of companies who have gone through the process;
• Discussing best practices on how to assess a CEO; and
• Giving an overview of creating cash and equity (SARS, etc.) compensation plans, and managing a CEO exit.
With over 3,000 members, the PDA is a national association with local chapters dedicated to improving private companies' growth and sustainability through board governance. The Private Directors Association represents a diverse and highly experienced community of executive leaders, including current and qualified future board members, private company owners, C-level executives of family-owned businesses, ESOPs, private equity-backed companies, and early-stage ventures.
NCEO Publication:Executive and Director Compensation in ESOP Companies
NCEO Document:Document: CEO Evaluation Survey sample