INSEAD Directors Forum

 

Talent and Remuneration Governance for Impact

 

20 May 2022, 9:00am CEST / 3:00pm SGT (3hrs)

Register now!

Overview

The global talent market is undergoing major shifts as we journey into the post-pandemic world undermined by current geopolitical tensions. From hybrid working arrangements to forging purpose-driven organisations through organisational redesign, the global health crisis has accelerated the search for alignment between individual and organisational purpose.  The focus on ESG issues has gained grounds and the criticism, in some cases, of top executives being “rewarded” while failing on their leadership responsibility has increased scrutiny on how boards of directors are responding in terms of talent and remuneration governance.

More than ever, stakeholders are calling for greater transparency and equity to motivate change as new trends influence talent mobility and demands, and ESG targets continue to challenge status quo under an increasingly regulated business environment. The days of misaligned and disparate executive remuneration are no longer acceptable. The emergence of “Say on Pay” has paved the way for stakeholders to question how companies set executives’ remuneration to drive the appropriate behaviour and actions. New regulatory frameworks and social movements such as “Equal pay for equal work” are urging corporates to disclose their top executive remuneration and incentive plans including gender pay gaps to ensure fair practices and parity across the organisation.

To navigate these paradigm shifts, boards of directors are to treat talent management, remuneration and risk alignment as an iterative process that evolves with the moving targets.  It is paramount to develop an effective talent and remuneration strategy which is fit for purpose and integrated across the organisation. Boards need to mitigate the potential risks that can pervade through the remuneration structure and metrics. The Remuneration Committee has a critical role to play in finding the balance between two ends of the scale - attracting and retaining the right talents while motivating them to deliver sustainable long-term value rather than taking undue risks for short-term self-serving rewards.

Organised by the INSEAD Corporate Governance Centre, the thought leadership forum on “Talent and Remuneration Governance for Impact” will examine the role of the board in setting optimal and fair executive remuneration packages while stewarding the ESG agenda and fostering robust leadership talent pipeline to support the vision of the organisation for medium to long-term strategic direction. Through presentations by academic faculty and panel discussions with guest speakers representing boards community and subject matter experts, we will glean insights from multi-faceted perspectives to understand the leading governance framework and approach for boards to put pay for performance and equity in practice and how they can be the driving force to promote transparent and fair remuneration both at board and executive level.

Agenda

The agenda is tentative and subject to changes. Be sure to check it regularly for updates.

Official programme

Friday, 20 May 2022

9:00 - 9:05

Opening Remarks

Sonia Tatar, Executive Director of INSEAD Corporate Governance Centre & INSEAD Wendel International Centre for Family Enterprise

9:05 - 9:25
Welcome and Introduction

Jose-Luis Alvarez, Academic Director of INSEAD Corporate Governance Centre, The Mubadala Chaired Professor in Corporate Governance and Strategy, Senior Affiliate Professor of Organisational Behaviour

Keynote Address on "Reimagining Employee Rewards and the Value of Work"

Fermin Diez, Deputy CEO and Group Head of Human Resources, National Council for Social Service (Singapore), Adjunct Professor at Singapore Management University, Nanyang Business School, and NUS Business School, Board Member, Jurong Health Systems

9:25 - 10:10
Academic Panel on "Stewarding Compensation & Remuneration for Transparency & Equity"

"Board Remuneration: Balancing Stakeholder and Company Interest" by Annet Aris, Senior Affiliate Professor of Strategy, INSEAD and Supervisory board member of ASML NV, Randstad NV, Jungheinrich AG, and Rabobank Group

"DEI is Here to Stay: What Boards Need to Do about Gender Gap in Pay" by Felicia A. Henderson, Founder and Independent Consultant of Henderson Advising and Senior Lecturer at Sciences Po

Moderated by Jose-Luis Alvarez, Academic Director of INSEAD Corporate Governance Centre, The Mubadala Chaired Professor in Corporate Governance and Strategy, Senior Affiliate Professor of Organisational Behaviour
10:10 - 10:15
Stretch Break
10:15 - 11:10
Panel Discussion on "Paving the Way for Impact through Talent and Remuneration Governance”
Adel Al-Saleh, Member of the Board of Management of Deutsche Telekom AG, CEO of T-Systems and Non-Executive Director at BT
Luisa Delgado, Chair of Boards at Swarovski and Schleich, Board member of INGKA/Ikea, Telia, Fortum and the DIA group, and Vice Chair of Barclays Bank (Suisse)
Colin Low, Independent Non-Executive Director at AET Tankers and Jason Marine Group, Senior Advisor and Board Director at BLG Capital Advisors LLC and Advisory Board Director, The Diligent Institute
Daniela Weber-Rey, Non-Executive Director at HSBC Trinkaus & Burkhardt AG, Groupe FNAC DARTY, and European Corporate Governance Institute
 
Moderated by Hagen Schweinitz, Global Practice Leader, Board & Governance Advisory Practice at Eric Salmon & Partners
11:10 - 11:15
Stretch Break
11:15 - 11:45
Fireside Chat on "Designing Rewards as a Catalyst for Change"

Frederic Barge, Managing Director & Founder of Reward Value

Moderated by Jose-Luis Alvarez, Academic Director of INSEAD Corporate Governance Centre, The Mubadala Chaired Professor in Corporate Governance and Strategy, Senior Affiliate Professor of Organisational Behaviour

11:45 - 11:55
Certification Celebration for New INSEAD Certified Directors in Corporate Governance

Jose-Luis Alvarez, Academic Director of INSEAD Corporate Governance Centre, The Mubadala Chaired Professor in Corporate Governance and Strategy, Senior Affiliate Professor of Organisational Behaviour

11:55 -12:00
Closing Remarks
Sonia Tatar, Executive Director of INSEAD Corporate Governance Centre & INSEAD Wendel International Centre for Family Enterprise

Optional Session
Friday, 20 May 2022, 12:15-13:30 CEST
(For new IDP certified directors, IDN members and INSEAD alumni - registration required)

The INSEAD Directors Network (IDN) is hosting a Zoom meeting following the INSEAD Directors Forum on Friday, 20 May, 12:15-13:30 CEST to continue the discussion and dialogue on this topic. Register to learn more about the IDN alumni club and engage in peer-to-peer small group discussion facilitated by IDN Board members and ambassadors - all practicing board directors.
* Chatham rules will apply in these small group discussions.

 

 

Speakers and Panelists

We are in the process of updating the speakers line-up. Do visit this page to get the latest updates.

 

Keynote Speaker

 

Fermin Diez
Deputy CEO & Group Head of Human Resources at National Council of Social Services (Singapore),
Adjunct Professor at Singapore Management University, Nanyang Technological University, and Singapore University of Social Sciences,
Board Member at Jurong Health Systems

Academic Panel Speakers

 

Annet Aris
Senior Affiliate Professor of Strategy, INSEAD
Supervisory board member of ASML NV, Randstad NV, Jungheinrich AG, and Rabobank Group

 

Felicia A. Henderson
Founder and Independent Consultant of Henderson Advising
Senior Lecturer at Sciences Po

 

Guest Board Panelists

 

Adel Al-Saleh
Member of the Board of Management of Deutsche Telekom AG,
CEO of T-Systems and Non-Executive Director at BT

 

 

Luisa Delgado
Chair of Boards at Swarovski and Schleich,
Board member of INGKA/Ikea, Telia, Fortum and the DIA group, and
Vice Chair of Barclays Bank (Suisse)

 

 

Colin Low
Independent Non-Executive Director at AET Tankers and Jason Marine Group,
Senior Advisor and Board Director at BLG Capital Advisors LLC and
Advisory Board Director, The Diligent Institute

 

 

Daniela Weber-Rey
Non-Executive Director at HSBC Trinkaus & Burkhardt AG, Groupe FNAC DARTY, and European Corporate Governance Institute

 

Fireside Chat Speaker

 

Frederic Barge
Managing Director & Founder of Reward Value

Moderators

 

Jose Luis Alvarez
Senior Affiliate Professor of Organisational Behaviour
The Mubadala Chaired Professor in Corporate Governance and Strategy
Academic Director, INSEAD Corporate Governance Centre

 

Hagen Schweinitz
Global Practice Leader, Board & Governance Advisory Practice at Eric Salmon & Partners

 

Host

 

 

Sonia Tatar
Executive Director, INSEAD Corporate Governance Centre
Executive Director, Wendel International Centre for Family Enterprise

Fees

Only registered attendees will be provided with the link to access the webinar. Please refer to the table below for the applicable fee.

  • New INSEAD Certified Director in Corporate Governance
    (
    applicable only if you are eligible to receive your INSEAD Certificate in Corporate Governance in 2022)
Free
  • INSEAD Alumni: Members of National Alumni Association (NAA)
EUR 60
  • INSEAD Alumni: Non-Members of NAAs
EUR 90
  • Non INSEAD Alumni and Other
EUR 120
  • INSEAD Directors' Network (IDN) Digital Dialogue (Optional)
    * Invitation to INSEAD Alumni and New Certified Directors of Corporate Governance
    * Registration is required
Included

Practical information

Registration deadline

Please note that the deadline for registration is Thursday, 19 May, 9:00AM (CEST).

Technical requirements

Please click here to check in advance that you have the required system and technical configurations to support the webinar which will be hosted on Zoom conference platform.

Webinar access

The link to the webinar will be shared with registered attendees one day prior to the webinar by Thursday, 19 May 2022. We encourage you to join the webinar at least 5 minutes before the session begins to ensure that you have a proper connection ready.

Webinar recording

The webinar will be recorded and it will be shared with all registered participants.

Webinar etiquette

To facilitate smooth running of the agenda, please take note that:

  • During the webinar, everyone will be muted and your video will be turned-off by default
  • You can use the Q&A tab if you have a questions for the speakers
  • The chat box will be disabled

For further technical support, you may consult the frequently asked questions (FAQs) below or contact us at [email protected] for assistance.

FAQs for technical support

Pre-reading material

Feel free to access these articles which are related to the theme of the INSEAD Directors Forum.
 
  1. DIEZ, Fermin. Do incentives work?. (2018). Asian Management Insights. 5, (2), 18-25. Asian Management Insights.
  2. DIEZ, Fermin Augusto. Pay for performance: What type of pay scheme is best for achieving business results?. (2017). 1-69. Dissertations and Theses Collection.
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