With a heightened IPO market, many U.S. firms are taking advantage of Emerging Growth Company (EGC) status under the JOBS Act. EGC status exempts companies from many disclosure and governance requirements, including an annual Say on Pay vote, to help them navigate the complexities of being a newly public company. But lack of disclosure early on can cause communications issues with shareholders who will lack explanation and context for executive compensation and governance decisions. Leaving EGC status, as all companies must do at some point, presents a raft of disclosure and governance changes that require careful planning and communication with the board, shareholders and employees. This case-study session will review the strategic choices Premier made as it navigated the change.
Jim Jensen, Vice President of Compensation
Jim Jensen is a Certified Compensation Professional and, since June of 2015, has served as the Vice President of Compensation at Premier in Charlotte, NC. Before joining Premier, Jim worked for Time Warner Cable where he led the company’s executive compensation and broad-based compensation teams. Before Time Warner Cable, Jim’s work experience included stints in management and technology consulting, civil engineering consulting, consumer products, and manufacturing industries. Jim has nearly 18 years’ experience in broad-based and executive compensation and, according to his mother, is incredibly handsome. Jim lives in Charlotte, NC with his bombshell wife Shannon and his two highly intelligent and incredibly talented children Jake
, and Clara. He enjoys long walks on short piers and the Green Bay Packers.
Gregg H. Passin, Senior Partner and NA Executive Rewards Practice Leader
Gregg Passin, a Senior Partner in Mercer’s New York office, is Mercer’s North American Leader for Executive Rewards consulting. He counsels public and private companies on global compensation and corporate governance issues relating to senior executives, Boards of Directors, and professional services firm partner and professional populations.
Gregg has served a broad array of clients in industries such as law, accounting, and consulting; consumer goods and retailing; real estate/REITs; media and entertainment; manufacturing; utilities; and financial services (insurance/reinsurance, commercial and investment banking). He has particular expertise in governance and decision rights development related to Board of Director and Compensation Committee issues, incentive plan design, partnership compensation, private equity portfolio company compensation, and ownership transactions (IPOs, spin-offs, M&A).
Gregg has spoken at conferences sponsored by Equilar, the National Association of Corporate Directors (NACD), World at Work, the NASPP, the Conference Board, and the Society for Human Resource Management, and has been interviewed by CNBC, the WSJ, Workspan, Agenda, Private Equity Manager, and CEO Journal. He co-edited “Pay for Results,” a book on performance management published in 2008 from John Wiley & Sons. He was honored as part of the 2015 NACD Directorship 100 in recognition of his leadership in corporate governance.
Prior to joining Mercer, Gregg was a partner with Sibson Consulting and managed that firm’s New York and London offices. He has also worked at Merrill Lynch and Frederic W. Cook & Co.
Gregg received a BA in History from Yale and an MBA from the Wharton School.