Mercer Reward Academy

Mercer Reward Academy Copenhagen

Reward Academy

The art of executive remuneration

Four unique days on how to compile executive pay and reward sturctures

The Reward Academy program for 2019 is ready. 

After a successful inaugural year in 2018 we are delighted to offer you the Reward Academy in 2019 as well. Increased attention on corporate governance in general and the EU’s Shareholder Rights Directive in particular are setting new requirements for how companies handle remuneration processes for executives.

Reward Academy - four days with focus on executive remuneration

In order to equip companies with capabilities to meet these new demands, the HCA Group at CBS, in partnership with Mercer Denmark, has established the Reward Academy for Senior Executive Remuneration professionals and other senior roles involved in the executive remuneration progress, e.g. remuneration Committee meetings etc. The program consists of four one-day seminars from April to October. 

The purpose of the Reward Academy is to expose business professionals to leading research and best practices in the area of executive remuneration and corporate governance while providing an opportunity to meet and learn from each other’s experiences. 

The seminars combine academic presentations, industry experts’ presentations and relevant cases.

Participants in the full programme will get access to a Knowledge Bank – a collection of selected readings on the topic of Remuneration and Corporate Governance. Upon completion, the participants will receive a participation certificate.  

Who can join?

The Reward Academy is targeting senior professionals working with executive remuneration or being part of remuneration committee meetings. More generally, the Reward Academy targets individuals, who are interested in discussing and learning about the challenges and opportunities within executive remuneration. 

See statements from participants >

Registration

You can sign up for the full Reward Academy or for the individual sessions: Please note the Knowledge Bank is only available for the full Reward Academy participants.

  • All four sessions cost DKK. 30.000 (excl. VAT)
  • Individual sessions cost DKK 7.500 (excl. VAT)
    access to Knowledge Bank not included

Overall facilitator and moderator for all four sessions is Dana Minbaeva, Professor of Strategic and Global Human Resource Management at the Department of Strategy and Innovation, and the Vice-President for International Affairs at Copenhagen Business School.

All sessions take place at Copenhagen Business School, Copenhagen Business School, Kilevej 14, Frederiksberg, Denmark. 

 

Sign up for the full Reward Academy

 

See details on the four sessions below

Including individual sign-up information.

  • During the first module, participants will be introduced to the general context of corporate governance and its specific influences on executive remuneration. We will discuss questions like:

    • What is “corporate governance” and why is it necessary?   
    • What is a) mandated and b) expected as part of a good corporate governance framework?

    Using a case study we will discuss how much governance / control should there be on executive pay decisions and look at the interaction between compensation committees and shareholders on issues of executive pay, particularly under the regime of "Say on Pay."

    We will then zoom in on the specific role of Remuneration Committee (RemCo) and consider the following questions:

    • What is the role and purpose of a RemCo? What makes it effective?
    • Who are the various parties who attend a RemCo and what are their roles and responsibilities?
    • What is the role of external advisors and what should you expect from them?

    From our guest speakers/industry experts, participants will receive a hands-on advise on how to be an effective internal advisor to a RemCo.

    Faculty:

    • Steffen Brenner, Professor of Corporate Governance MSO at CBS.

    Industry experts:

    • Peter Boreham, Mercer's European Practice Leader for executive compensation.
    • *Guest speaker (TBD).

    Event information:

    • Date: 03 April 2019
    • Time: 08:30-15:00
    • Venue: Copenhagen Business School, Kilevej 14, Frederiksberg, Denmark
    • Price: DKK 7500 + VAT per person
    • Registration: Please sign up here indicating which session(s) you are interested in.
     

                

  • At this seminar we take a deep dive in the theories around pay-for-performance and get introduced to a multiple stakeholder view on pay. We discuss basic principle of executive compensation, reflect on effectiveness and efficiency of pay and derive three questions that explain executive compensation.  Through a case discussion we raise questions about how to balance incentive remuneration effectively in recruiting and retaining top managers, while addressing shareholder concerns about executive compensation.

    Industry experts will offer some practical advice on how to work with short-term vs. long-term incentives and make an effective incentive plan. We will have a general debate around questions like:

    • Have incentive designs gone too far?
    • Are they simply too complex to be of benefit to executives and shareholders?
    • How much should we simplify if at all?

    Faculty:

    • Anthony Nyberg, Professor Academic Director, Master of Human Resources at University of South Carolina.

    Industry experts:

    • Guest speaker (TBD).

    Event information:

    • Date: 22 May 2019
    • Time: 08:30-15:00
    • Venue: Copenhagen Business School, Kilevej 14, Frederiksberg, Denmark
    • Price: DKK 7500 + VAT per person
    • Registration: Please sign up here indicating which session(s) you are interested in.

  • This seminar is about executive compensation disclosure. We will look into

    • The psychological impact of disclosure on areas such as perceived pay equity / fairness, and how this can influence individual and group behaviors. 
    • The evolution of executive compensation disclosure, leading into an overview of the Shareholder Rights Directive.   

    Using practical examples we will discuss disclosure dilemma every company faces and ways to solve it. A case study will illustrate the importance of understanding business model and management style of the organization, and discuss implications for governance policy in determining senior executives' compensation.

    Industry experts will indicate where disclosure might be heading in the future (e.g. pay ratios, relocation benefits, post-vesting holding periods), and drawing on insights from the 2018/19 voting season. Participants will be offered a practical guide for managing boardroom pay disclosure and discuss some practical considerations of drafting a remuneration report, including “hot spot” issues / best practices. During group work, we will develop the toolbox for successful navigation in the waters of the new remuneration regime.

    Faculty:

    • Xavier Baeten, Professor of Reward and Governance at Vlerick Business School.

    Industry expert:

    • Ed Mottley, Mercer Executive Remuneration Specialist.

    Event information:

    • Date: 11 September 2019
    • Time: 08:30-15:00
    • Venue: Copenhagen Business School, Kilevej 14, Frederiksberg, Denmark
    • Price: DKK 7500 + VAT per person
    • Registration: Please sign up here indicating which session(s) you are interested in.    

  • At the fourth seminar we revisit the principles of effective stakeholder relationships and discuss how executives and organizations respond under external pressures. Some of the key points of our discussions are:

    • Shareholders often have different aims and agendas – how can a company effectively manage these tensions and potential conflicts?
    • Insights on engagement from other markets – what might we expect in Denmark?
    • What level of responsibility should the media take in its shaping of public opinion?

    We will learn about basic principles of crisis management. Many academics and public relations specialists have suggested that, when responding to crises, executives should make full and immediate disclosures about the circumstances surrounding the event. Corporate legal advisors, on the other hand, often caution their clients against unnecessary public statements. We will examine the pros and cons of a full disclosure policy and the circumstances in which it should or should not be used.

    Our industry experts will offer practical advice on how to develop an effective engagement strategy for various internal and external stakeholder groups at the time of crisis – shareholders, proxy advisors, media etc.

    Faculty:

    • Steffen Brenner, Professor of Corporate Governance MSO at CBS.
    • Gregor Halff, Dean of Education at Copenhagen Business School. Formerly, Professor of corporate communication and deputy dean at Singapore Management University.

    Industry expert:

    • Birgitte Henrichsen is a Partner at Jesper Klit & Partners. Formerly,  A.P.Møller – Mærsk as a Vice-President Communication, SVP. at Scandinavian Tobacco Group, Journalist and editor at DR.

    Event information:

    • Date: 23 October 2019
    • Time: 08:30-15:00
    • Venue: Copenhagen Business School, Kilevej 14, Frederiksberg, Denmark
    • Price: DKK 7500 + VAT per person
    • Registration: Please sign up here indicating which session(s) you are interested in.

 

What do the particpants say?

“The Reward Academy was a great opportunity for me to learn about new research in the executive remuneration area. Having a mix of case studies, executive reward consultants and professors from leading business schools in a room together with experienced rewards professionals, provided some great insights and perspectives. With the introduction of ‘Say on pay’ in the Danish legislation, I believe the academy is more relevant than ever.” 

Michael Rohlff
Director, Compensation & Benefits, Global HR, Pandora
 
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  “I strongly recommend the Reward Academy. The combination of science, consulting and peer experience is outstanding. The external speakers are great, the participants are engaged and keen on sharing experiences and it’s all neatly prepared, packaged and summarized by CBS and Mercer”.

Magnus Siorholm
Head of Group Compensation & Benefits, Rambøll
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“The Reward Academy provided me with the latest update on regulations and expectations from investors on executive reward. We had a good balance between academic and case studies from relevant businesses”

Hilde Sandgren 
Senior Advisor Reward & Employee Relations, Equinor ASA
 
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  “During the Reward Academy I greatly enjoyed discussing the many perspectives that you encounter with working on executive rewards, from the board of directors to the outside media. The insights provided by both academics and professionals provided a good mix and is very relevant to today’s context. I also gained a network of other C&B professionals with whom I will occasionally continue to connect.” 

Marie Moberg 
Head of Compensation & Benefits, Bonava AB
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