Shearman & Sterling partner Doreen Lilienfeld (New York-Compensation, Governance & ERISA) was interviewed by TK Kerstetter, Corporate Board Member’s editor-at-large, on March 8, 2018. The webinar recording of the interview is being hosted on Corporate Board Member’s website for Board Leadership Program members as part of the 2018 compensation season. The 30-minute interview focuses on the implications of tax reform on executive pay and concludes with a discussion on key takeaways for compensation committees.

Topics covered in the webinar include:

• 162(m) - no performance-based exception to the $1 million per-executive annual limit on deductibility of compensation
• Corporate tax implications for discretionary bonuses and service-based awards on equal footing with performance-based arrangements
• Expanded definition of "covered employee"
• Grandfathered performance-based compensation
• Changes to plan design and approval requirements
• Pay ratio in this year's proxy disclosures

The on-demand webinar is hosted for members-only on Corporate Board Member’s website but is available internally here.