Equilar's New Pay-For-Performance Analytics Provides Unprecedented Insight Into "Say on Pay" Issue
Council of Institutional Investors Signs on as First Client to Use Equilar Pay-For-Performance Suite
(firmenpresse) - REDWOOD CITY, CA -- (Marketwire) -- 01/10/12 -- , the leading provider of benchmarking and research solutions, today announced the release of its Pay-For-Performance Analytics suite and that the has signed on as the first client to use the service.
With this new product release, Equilar further extends its market leadership position and is proud to offer the industry's most robust pay-for-performance engine. Pay-for-Performance Analytics sits atop the most comprehensive executive compensation database and bridges the information gap between pay packages and company financial performance. By combining an innovative market-based algorithm to identify peer companies with a realizable pay methodology using long term incentive payouts, Equilar's best-in-class model accurately reflects real-world conditions when benchmarking executive pay and company performance.
"The market is seeking independent research tools to accurately measure pay and performance, and we are excited to step in and fill this void," said David Chun, CEO and Founder of Equilar. "With Equilar Pay-For-Performance Analytics, we are proud to offer the state-of-the-art executive compensation benchmarking solution to help investors and issuers objectively measure pay and performance."
The Council of Institutional Investors (CII), a nonprofit association of pension funds, employee benefit funds, foundations and endowments with combined assets of over $3 trillion, has agreed to provide its General Members with access to Equilar Pay-For-Performance Analytics.
"We are pleased to offer our members Equilar's innovative solution to help them analyze executive compensation practices of companies in their portfolios," said Ann Yerger, Executive Director of the Council. "Casting informed say-on-pay votes is a top priority of Council members for the upcoming proxy season. Equilar's comprehensive dataset and advanced analytical framework will help our members gauge whether U.S. companies are truly embracing the principle of pay for performance."
Unlike traditional peer group selection methods that rely on company size and fixed industry classifications, Equilar's new market-based peer group development methodology is based on publicly disclosed relationships, algorithmically linking thousands of companies to create a network of the strongest peers. Factors that determine connection strength include: direction of peer relationships, similarity between peer groups, number of connecting paths between two companies, and distance of connecting paths between two companies.
"Selecting the right peer group continues to be a challenge for both investors and corporate issuers," said Brian Sohmers, EVP and General Manager, Equilar. "By using the collective knowledge of the market, Equilar is setting a new standard for creating independent peer groups to be used for pay for performance analysis."
Disclosed grant date values of equity are convenient to use when benchmarking pay but can over- or underestimate actual value delivered. Equilar's Pay for Performance model uses realizable pay, which looks at current stock prices and the payouts from long-term incentives, to provide the most precise calculation of the actual compensation delivered to a CEO.
"In order to make intelligent business decisions, our clients need accurate and comprehensive data. A key part of any pay-for-performance analysis is to have the right information. This is why we are dedicated to building an industry-leading payout database to help our clients conduct pay-for-performance analyses," said Andrew Comstock, Director of Products, Equilar.
For more information on Equilar, the leading executive compensation data provider, visit .
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Equilar's award-winning product suite is the gold standard for benchmarking and tracking executive compensation, board compensation, equity grants and award policies and compensation practices. Equilar products and custom research services enable corporations, human capital consulting firms, law firms, investors, individual executives, and the media to accurately compare pay packages across thousands of public companies using SEC and exclusive survey data. Equilar research is cited frequently by Bloomberg, BusinessWeek, Reuters, The New York Times, The Wall Street Journal and other leading media outlets. Equilar (Redwood City, CA) was recognized recently as one of the fastest-growing private companies in America by Deloitte, Inc., and the Silicon Valley Business Journal.
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The Council of Institutional Investors (CII) is a nonprofit, nonpartisan association of pension and other employee benefit funds, foundations and endowments with combined assets that exceed $3 trillion. The Council is a leading voice for good corporate governance and strong shareowner rights. The Council strives to educate its members, policymakers and the public about good corporate governance, shareowner rights and related investment issues, and to advocate on its members' behalf.
Nick Ezzo
director of marketing
(650) 481-8425
Amy Borrus
deputy director
(202) 261-7082
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Datum: 10.01.2012 - 14:00 Uhr
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