THE BDO SURVEY OF CEO AND CFO COMPENSATION PRACTICES OF 600 MID-MARKET PUBLIC COMPANIES
|
|
- Ralph Hill
- 6 years ago
- Views:
Transcription
1 THE BDO SURVEY OF AND COMPENSATION PRACTICES OF 600 MID-MARKET PUBLIC COMPANIES
2 CONTENTS INTRODUCTION... 1 HOW TO USE THIS SURVEY... 2 / COMPENSATION PRACTICES Overall Results... 4 By Company Size... 5 By Industry ABOUT BDO CONTACT US... BACK COVER
3 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies Introduction BDO s Compensation and Benefits practice offers an experienced and dedicated team of professionals who operate nationwide to seamlessly provide a comprehensive array of services to address client needs. ABOUT BDO S COMPENSATION AND BENEFITS PRACTICE BDO s Compensation and Benefits practice offers an experienced and dedicated team of professionals located throughout the U.S. who seamlessly provide a comprehensive array of services to address board compensation and executive compensation issues, including executive and board compensation arrangements, cash and equity incentives, developing executive and board compensation strategies benchmarking, executive compensation tax and accounting issues, executive nonqualified plan arrangements, compensation committee development, and other related services. We serve a broad base of clients, from mid-size domestic companies to Fortune 500 multinational corporations. ABOUT THE BDO 600 SURVEY The BDO 600 survey details the compensation practices for Chief Executive Officers () and Chief Financial Officers () of publicly traded companies in the following industries: XXEnergy XXFinancial Services Banking XXFinancial Services Nonbanking XXHealthcare XXManufacturing XXReal estate XXRetail XXTechnology Companies in the six non-financial service industries have annual revenues between $100 million and $3 billion. Companies in the two financial services industries have assets between $100 million and $6 billion. All data in our survey were extracted from proxy statements that were filed between April 2016 and March Consolidated proxy information was provided by.com. Our survey is unique because it focuses on middle-market companies; most compensation surveys focus on much larger companies. -1.1% In fiscal year 2016, Total Direct Compensation decreased by an average of 1.1% 1.5% In fiscal year 2016, Total Direct Compensation increased by an average of 1.5% 1
4 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies How To Use This Survey The data collected from the 600 companies surveyed represent the policy in effect at each company as of their fiscal year-end, as disclosed in the executive compensation narrative in public filings. The data was analyzed in aggregate by the standard five components of compensation: salary, bonus and annual incentives (AI), stock options, other long-term incentives (LTI), and full-value stock awards. TYPES OF COMPENSATION X X is the annualized salary received by the incumbent. X X comprises discretionary bonuses earned as well as payments received under annual incentive plans. X X values are the grant date fair value awards as reported by each company. If a company did not report these values, the values were calculated using the FAS123R assumptions as reported by the company. Irregular grants have been annualized. X X Full-value data include both stock and stock unit awards. The grant date fair value of the awards was used in this analysis. Irregular grants have been annualized. X X refers to payments received under long-term incentive plans. X X Total Direct Compensation () represents the sum of salary, bonus and annual incentives, stock options, fullvalue stock awards, and other LTI for each incumbent. 2
5 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies DATA ARRANGEMENT The survey data are organized by company size and industry. Compensation can be benchmarked by either of these groups to gain different perspectives on compensation practices. The groups are described in more detail below. COMPANY SIZE Most traditional executive compensation benchmarking uses annual revenues (or assets within financial services) as the primary scope factor due to the well-established, direct correlation between company size and executive compensation. Our survey reports compensation for three groups of companies based on size: Size Revenue Range Category Group A $100 million $500 million Group B $500 million $1.25 billion Group C $1.25 billion $3 billion Asset Range (Financial Services) $100 million $1.25 billion $1.25 billion $2.5 billion $2.5 billion $6 billion INDUSTRY Industry is another common lens used when benchmarking director compensation. This survey reports compensation provided to executives of companies within the following industries: XXEnergy XXFinancial Services Banking XXFinancial Services Nonbanking XXHealthcare XXManufacturing XXReal Estate XXRetail XXTechnology ADDITIONAL NOTES ON THE SURVEY In cases where there was more than one or in a given fiscal year, compensation for the incumbent who served in the position for the majority of the year was used. In order to establish a common comparative base for all 600 companies surveyed, if necessary, data were annualized and a consistent methodology was used to value compensation. If a surveyed company could not be brought into parity with other participant companies, it was excluded from the survey and replaced with a company chosen at random to obtain a representative sample across industries and company size. 3
6 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies OVERALL RESULTS - TOTAL DIRECT COMPENSATION $4,000,000 $3,500, % $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 1.5% FY 2016 FY 2015 FY 2016 FY 2015 Overall Results The tables below summarize average 2016 pay for the and compared to The percent increase or decrease for each pay component is provided. Total Direct Compensation () for the position decreased slightly (by 1.1 percent) whereas for the position saw a 1.5 percent increase compared to the prior year. Though there was a small overall change in and salary movement, there are significant differences by industry Compensation $683,072 $790,564 $340,262 $1,923,947 $32,493 $3,770, $665,952 $747,013 $314,675 $2,060,984 $24,729 $3,812,353 Change over Prior 2.6% 5.8% 8.1% -6.6% 31.4% -1.1% 2016 $395,509 $298,016 $97,660 $670,101 $7,334 $1,468, $382,107 $263,904 $112,474 $677,342 $10,552 $1,446,379 Change over Prior 3.5% 12.9% -13.2% -1.1% -30.5% 1.5% Compensation Mix The 2016 average compensation mix for s is weighted more heavily toward long-term incentives /equity whereas the compensation mix for s is more evenly split between cash and long-term incentives/equity. Annual Cash LTI Total Annual Cash LTI Total % 61% 100% % 53% 100% % 63% 100% % 55% 100% The compensation mix has been fairly consistent from FY 2013 through FY The majority of equity value provided to both s and s is delivered through full-value stock awards. The remainder of this survey further dissects the collective data and presents results by company size and industry.
7 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies OVERALL RESULTS BY COMPANY SIZE $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Group A Group B Group C Group A Group B Group C SURVEY BY COMPANY SIZE Overall Results Key findings of our analysis of pay based on company size are summarized here. 1. Pay continues to be highly correlated with company size: As shown in the chart above, and compensation is generally correlated with company size. This result is expected because of the long-established historical link between company size and compensation among executives. total direct compensation ranges from $2,503,708 for companies in Group A, the smallest size category 1 to $4,966,755 for companies in Group C, the largest size category 2. total direct compensation ranges from $992,155 for companies in Group A to $1,911,280 for companies in the Group C. 2. Pay for the increased only at the smaller companies. For the, increases were seen at the small and midsized companies. The chart below shows year-overyear changes for the and across each size category. over Change in 10% 8% 6% 4% 2% 0% -2% 8% -3% 3% 7% -4% -4% -4% -6% Group A Group B Group C 1 $100 million $500 million revenues and $100 million - $1.25 billion in assets (financial services) 2 $1.25 billion $3 billion revenues and $2.5 billion - $6 billion in assets (financial services) 5
8 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies 3. s are paid approximately 40 percent of the of s in our sample. as % of 39.6% 4. Full-value shares dominate long-term incentives: Our findings reveal that full-value stock is favored over stock options for companies of all sizes, for both positions. Mix of vs. Full Value Shares 38.7% 38.5% 39.0% Full-value 85% Full-value 87% Group A Group B Group C All / 15% / 13% 5. Larger companies place a greater percentage of pay at risk: The table below illustrates how variable compensation increases along with the size of the company. Pay Mix by Company Size 55% 62% 63% 46% 55% 54% 21% 23% 20% 21% 19% 22% 22% 18% 16% 33% 26% 25% Group A Group B Group C Group A Group B Group C + LTI The following pages detail our findings for each of the three company size categories. 6
9 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies SIZE GROUP A SIZE GROUP A $25,115 $562,532 $1,692 $326,337 $1,125,907 $570,097 $403,376 $205,799 $220,057 $54,951 SURVEY BY COMPANY SIZE Size Group A* The average compensation paid to s and s of companies in the smallest size group for FY 2016 and 2015 is provided in the table below. Compensation 2016 $562,532 $570,097 $220,057 $1,125,907 $25,115 $2,503, $554,565 $497,967 $206,591 $1,052,775 $12,332 $2,324, $326,337 $205,799 $54,951 $403,376 $1,692 $992, $325,845 $189,454 $68,376 $368,581 $12,567 $964,824 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 55% 100% % 46% 100% % 55% 100% % 47% 100% * $100 million $500 million revenues and $100 million - $1.25 billion in assets (financial services). 7
10 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies SIZE GROUP B SIZE GROUP B $40,398 $697,497 $9,335 $396,057 $2,104,642 $775,547 $742,216 $282,209 $309,309 $90,383 SURVEY BY COMPANY SIZE Size Group B The average compensation paid to s and s of companies in the middle size group for FY 2016 and 2015 is provided in the table below. The total direct compensation decreased due to a decrease in full-value stock awards. Compensation 2016 $697,497 $775,547 $309,309 $2,104,642 $40,398 $3,927, $677,533 $671,934 $338,622 $2,313,308 $34,456 $4,035, $396,057 $282,209 $90,383 $742,216 $9,335 $1,520, $383,428 $228,473 $99,313 $703,580 $10,708 $1,425,502 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 62% 100% % 55% 100% % 67% 100% % 57% 100% 8
11 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies SIZE GROUP C SIZE GROUP C $30,764 $797,580 $10,849 $468,397 $2,576,046 $1,051,506 $864,162 $415,743 $510,859 $152,129 SURVEY BY COMPANY SIZE Size Group C The average compensation paid to s and s of companies in the largest size group for FY 2016 and 2015 is provided in the table below. Compensation 2016 $797,580 $1,051,506 $510,859 $2,576,046 $30,764 $4,966, $771,834 $1,113,658 $405,222 $2,870,503 $26,649 $5,187, $468,397 $415,743 $152,129 $864,162 $10,849 $1,911, $441,409 $389,573 $176,977 $978,679 $8,169 $1,994,808 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 63% 100% % 54% 100% % 64% 100% % 59% 100% 9
12 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies OVERALL RESULTS BY INDUSTRY $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Energy Fin. Serv. Banking Fin. Serv. Non-Banking Healthcare Mfg Real Estate Retail Tech. SURVEY BY INDUSTRY Overall Results As shown in the chart above, and compensation varies considerably by industry. For middle market companies, industry is just as important as company size when benchmarking and compensation. Among s, manufacturing led the way with a 13 percent increase in average total direct compensation, and financial services-banking was second with a 10 percent increase. Technology and healthcare experienced 11 percent and 9 percent declines, respectively, in average compensation as compared to FY Similarly, manufacturing s led the way with a 12 percent increase in average total direct compensation, which is partly attributable to companies paying large bonuses coupled with significantly larger stock grants. compensation ranges from $1,985,614 for companies in the technology industry to $378,486 for companies in the financial services-banking industry. Our findings reveal that companies in the financial servicesbanking industry favor cash over equity for s as well, with a compensation mix of 83 percent cash and 17 percent equity/ LTI. Other industries feature a more balanced compensation mix between annual cash and equity/lti. Full-value stock awards are favored over stock options for companies in all industries. compensation ranges from $5,093,727 for companies in the technology industry to $824,023 for companies in the financial services-banking industry. Our findings reveal that companies in the financial services-banking industry favor cash over equity, with a compensation mix of 75 percent cash and 25 percent equity/lti. Other industries feature a more balanced compensation mix between annual cash and equity/lti. 10
13 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies PAY MIX BY INDUSTRY 63% 63% 25% 23% 17% 20% 51% 41% 68% 54% 47% 55% 60% 53% 53% 43% 76% 66% 21% 16% 17% 20% 52% 63% 30% 31% 16% 16% 25% 25% 24% 29% 30% 28% 18% 16% 20% 16% 25% 22% 21% 26% 17% 40% 11% 13% 14% 20% Energy Fin. Serv. Banking Fin. Serv. Non-Banking Healthcare Mfg Real Estate Retail Tech. + LTI The relationship of to pay varies somewhat by industry. s make the least relative to the in the healthcare and retail industries (35 percent) and make a bit more, in relative terms, in the financial services banking and energy industries (46 percent). AS % OF 46% 46% 36% 35% 38% 41% 35% 39% Energy Fin. Serv. Banking Fin. Serv. Non-Banking Healthcare Mfg Real Estate Retail Technology The following pages detail our findings for each of the eight industries. 11
14 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $34,356 $701,515 $22,866 $394,335 $875,551 $322,131 $2,472,990 $1,129,569 $186,644 $75,161 SURVEY BY INDUSTRY Energy The average compensation paid to energy industry s and s for FY 2016 is shown below along with 2015 pay levels for comparison. Compensation 2016 $701,515 $875,551 $186,644 $2,472,990 $34,356 $4,271, $697,957 $614,847 $122,456 $2,736,037 $26,283 $4,197, $394,335 $322,131 $75,161 $1,129,569 $22,866 $1,944, $392,682 $256,870 $48,498 $1,079,354 $29,513 $1,806,917 The resulting 2016 compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 63% 100% % 63% 100% % 69% 100% % 64% 100% Historically, average compensation in the energy industry was the highest of the industries included in this survey. It has since fallen behind healthcare, real estate and technology. 12
15 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $13,471 $1,476 $167,820 $430,201 $56,001 $239,833 $24,934 $187,597 $7,229 $73,947 SURVEY BY INDUSTRY Financial Services Banking The average compensation paid to s and s of companies in the financial services-banking industry for FY 2016 is shown below along with 2015 compensation. Compensation 2016 $430,201 $187,597 $24,934 $167,820 $13,471 $824, $414,103 $164,522 $13,598 $146,161 $12,790 $751, $239,833 $73,947 $7,229 $56,001 $1,476 $378, $241,950 $67,844 $8,759 $69,140 $957 $388,651 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 25% 100% % 17% 100% % 23% 100% % 20% 100% Our analysis found that financial services banking companies provide the highest percentage of compensation in annual cash; however, average and compensation in the financial services banking industry is the lowest of the industries included in our survey. 13
16 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $56,314 $690,952 $2,603 $409,997 $1,563,445 $1,223,223 $498,245 $434,678 $395,339 $85,095 SURVEY BY INDUSTRY Financial Services Nonbanking The average total compensation paid to s and s of companies in the financial services-nonbanking industry for FY 2016 is shown below along with 2015 compensation. Compensation 2016 $690,952 $1,223,223 $395,339 $1,563,445 $56,314 $3,929, $698,845 $1,305,189 $251,620 $1,319,097 $57,835 $3,632, $409,997 $434,678 $85,095 $498,245 $2,603 $1,430, $402,145 $380,845 $54,119 $438,559 $15,906 $1,291,575 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 51% 100% % 41% 100% % 45% 100% % 39% 100% This year is the first instance in which the is paid more in LTI than cash. Although the is still paid more in cash than LTI, the compensation mix has been moving towards LTI. 14
17 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $36,446 $732,461 $727,584 $7,905 $474,365 $2,299,821 $793,345 $619,375 $258,692 $225,003 SURVEY BY INDUSTRY Healthcare The average compensation paid to healthcare industry s and s for FY 2016 is shown below along with compensation levels in Compensation 2016 $732,461 $727,584 $793,345 $2,299,821 $36,446 $4,589, $729,247 $897,666 $931,756 $2,510,058 $0 $5,068, $474,365 $258,692 $225,003 $619,375 $7,905 $1,585, $418,079 $298,867 $260,827 $689,851 $0 $1,667,624 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 68% 100% % 54% 100% % 68% 100% % 57% 100% Although the for s has decreased and there have been shifts in all categories, the pay mix stayed the same. The s had significant shifts in stock options, stock awards and other LTI, resulting in an increase in cash compensation compared to the prior year. 15
18 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $73,859 $720,309 $13,128 $391,180 $1,427,493 $897,999 $510,158 $345,989 $501,099 $119,923 SURVEY BY INDUSTRY Manufacturing The average compensation paid to manufacturing s and s for FY 2016 service is shown below along with the year over year change from Compensation 2016 $720,309 $897,999 $501,099 $1,427,493 $73,859 $3,620, $713,638 $769,129 $365,756 $1,300,231 $65,996 $3,214, $391,180 $345,989 $119,923 $510,158 $13,128 $1,380, $388,317 $265,077 $111,829 $443,606 $28,410 $1,237,240 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 55% 100% % 47% 100% % 54% 100% % 47% 100% 16
19 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $0 $736,847 $0 $432,000 $2,762,966 $1,158,617 $1,009,236 $489,741 $137,277 $46,369 SURVEY BY INDUSTRY Real Estate The average compensation paid to s and s of companies in the real estate industry for FY 2016 is shown below along with compensation levels in Compensation 2016 $736,847 $1,158,617 $137,277 $2,762,966 $0 $4,795, $730,989 $1,121,964 $122,515 $3,076,628 $0 $5,052, $432,000 $489,741 $46,369 $1,009,236 $0 $1,977, $424,176 $450,292 $41,765 $994,425 $0 $1,910,658 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 60% 100% % 53% 100% % 63% 100% % 54% 100% 17
20 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $36,753 $795,354 $9,592 $432,698 $1,218,374 $644,423 $354,993 $176,475 $348,198 $98,922 SURVEY BY INDUSTRY Retail The average paid to retail industry s and s for FY 2016 is shown below along with 2015 pay levels. Compensation 2016 $795,354 $644,423 $348,198 $1,218,374 $36,753 $3,043, $749,375 $640,124 $322,042 $1,234,489 $22,283 $2,968, $432,698 $176,475 $98,922 $354,993 $9,592 $1,072, $412,746 $188,747 $164,746 $482,408 $7,165 $1,255,812 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 53% 100% % 43% 100% % 53% 100% % 52% 100% While the pay mix has not changed for a few years, compensation has become cash-focused due to significant decreases in all forms of LTI. 18
21 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies $6,644 $650,859 $574,708 $327,262 $851 $387,203 $281,011 $3,534,254 $1,190,634 $125,915 SURVEY BY INDUSTRY Technology The average compensation paid to technology industry s and s for FY 2016 is shown below along with the year over year change from Compensation 2016 $650,859 $574,708 $327,262 $3,534,254 $6,644 $5,093, $585,873 $464,337 $383,460 $4,250,207 $7,775 $5,691, $387,203 $281,011 $125,915 $1,190,634 $851 $1,985, $373,121 $196,297 $209,102 $1,228,352 $0 $2,006,873 The resulting compensation mix is shown below: Annual Cash LTI Total Annual Cash LTI Total % 76% 100% % 66% 100% % 82% 100% % 72% 100% Our analysis found that technology companies provide the highest percentage of compensation via equity/lti as compared to companies in the other industries. In addition, s in this industry have been the most highly compensated for two consecutive years, according to this study. 19
22 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies The BDO 600: 2017 Survey of and Compensation Practices of 600 Mid- Market Public Companies examined the compensation practices of publicly-traded companies in the energy, financial services banking, financial services nonbanking, healthcare, manufacturing, real estate, retail, and technology industries. Companies in the six non-financial service industries in our survey have annual revenues between $100 million and $3 billion. Companies in the two financial services industries in our survey have assets between $100 million and $6 billion. Data sources include data provided by.com and public company data collected from proxies and other sources. ABOUT BDO BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 550 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multinational clients through a global network of 67,700 people working out of 1,400 offices across 158 countries. BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: Material discussed is meant to provide general information and should not be acted on without professional advice tailored to your firm s individual needs BDO USA, LLP. All rights reserved. 20
23 THE BDO 600: 2017 Survey of Board Compensation Practices of 600 Mid-Market Public Companies 21
24 THE BDO 600: 2017 Survey of and Compensation Practices of 600 Mid-Market Public Companies Contact Us If you have any questions, comments or suggestions, please contact our Compensation and Benefits practice by ing us at or by calling your local BDO office. Please visit for the electronic copy of this survey. THE BDO 600 SURVEY TEAM CONTACTS: ANDY GIBSON TOM ZIEMBA FIRST NAME LAST NAME PHONE SUBJECT MESSAGE SUBMIT 22
THE BDO SURVEY OF CEO/CFO COMPENSATION PRACTICES OF 600 MID-MARKET PUBLIC COMPANIES
THE BDO 600 2016 SURVEY OF / COMPENSATION PRACTICES OF 600 MID-MARKET PUBLIC COMPANIES CONTENTS INTRODUCTION... 1 HOW TO USE THIS SURVEY... 2 / COMPENSATION PRACTICES Overall Results... 4 By Company Size...
More informationTHE BDO Study of CEO and CFO Compensation Practices of 600 Mid-Market Public Companies
THE BDO 600 2018 Study of and Compensation Practices of 600 Mid-Market Public Companies Table of Contents INTRODUCTION... 1 HOW TO USE THIS STUDY...2 PAY FOR PERFORMANCE FINDINGS -... 4 OVERALL RESULTS...6
More informationwhich is the largest increase of the eight industries we surveyed.
Summer 2011 www.bdo.com The Newsletter from the BDO Healthcare Practice Contents COMPENSATION Survey HEALTHCARE Industry.......... 1 Does your facility qualify for additional Medicare reimbursement?................
More informationBDO GUIDE TO STATE TAX COMPARISONS
BDO GUIDE TO STATE TAX COMPARISONS 2014 Page 2 BDO. LOCAL PRESENCE. GLOBAL REACH. State Tax Comparison is the place to live, not just because of its beautiful weather but also its tax friendly environment.
More informationBy any measurement, 2013 was
www.bdo.com By any measurement, 2013 was an exceptionally strong year for initial public offerings (IPOs) on U.S. exchanges with virtually every statistical category offerings (+73%), proceeds (+29%) and
More information2016 BDO IPO HALFTIME REPORT
www.bdo.com 2016 BDO IPO HALFTIME REPORT BDO CAPITAL MARKETS PRACTICE BDO USA is a valued business advisor to businesses making public securities offerings. The firm works with a wide variety of clients,
More informationI-BANKERS FORECAST U.S. IPOs MAINTAINING TORRID PACE DURING REMAINDER OF 2014 WITH ALIBABA OFFERING BOOSTING PROCEEDS By any measurement, through six
WWW.BDO.COM BDO CAPITAL MARKETS PRACTICE BDO USA is a valued business advisor to businesses making public securities offerings. The firm works with a wide variety of clients, ranging from entrepreneurial
More informationStatements of Not-for-Profit Entities
Financial Statements of Not-for-Profit Entities June 16, 2016 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee,
More information2015 BDO BOARD SURVEY
www.bdo.com BDO BOARD SURVEY BDO USA CORPORATE GOVERNANCE PRACTICE BDO USA s Corporate Governance Practice is a valued business advisor to corporate boards. The firm works with a wide variety of clients,
More informationExecutive Compensation Index
Executive Compensation Index May 2016 About the Index ERI s Executive Compensation Index is a quarterly report that measures trends in executive compensation using analysis of the companies included in
More information2018 BDO IPO OUTLOOK U.S. IPO ACTIVITY TO BUILD ON POSITIVE Bankers Projecting 30 Percent Increase in Proceeds in 2018
www.bdo.com 2018 BDO IPO OUTLOOK BDO CAPITAL MARKETS PRACTICE BDO USA is a valued business advisor to companies making public securities offerings. The firm works with a wide variety of clients, ranging
More informationInitial public offerings (IPOs) on U.S. U.S. IPOs TO MAINTAIN PACE OVER REMAINDER OF YEAR. Availability of Private Funding Leading to Less Offerings
www.bdo.com BDO CAPITAL MARKETS PRACTICE BDO USA is a valued business advisor to businesses making public securities offerings. The firm works with a wide variety of clients, ranging from entrepreneurial
More informationExecutive Compensation Trends
Executive Compensation Trends December 2016 About This Report ERI s Executive Compensation Trends is a quarterly report that measures trends in executive compensation using analysis of the companies included
More informationNEW REVENUE RECOGNITION STANDARD: FREQUENTLY ASKED QUESTIONS
BDO FLASH REPORT FASB 1 JUNE 2014 www.bdo.com SUBJECT NEW REVENUE RECOGNITION STANDARD: FREQUENTLY ASKED QUESTIONS SUMMARY On May 28, 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers.
More informationNEWSLETTER COMPENSATION AND BENEFITS 457A: 2017 DEADLINE TO PAY TAX ON CERTAIN OFFSHORE DEFERRED COMPENSATION BACKGROUND CONTACTS:
SUMMER 2017 www.bdo.com COMPENSATION AND BENEFITS NEWSLETTER CONTACTS: ANDREW GIBSON Partner and Practice Leader 404-979-7106 / agibson@bdo.com PETER KLINGER Partner National Tax Office 415-490-3214 /
More informationGLOBAL EMPLOYEE MOBILITY IWP MIAMI MEETING JAMES CASSIDY, CPA SENIOR TAX DIRECTOR
GLOBAL EMPLOYEE MOBILITY IWP MIAMI MEETING JAMES CASSIDY, CPA SENIOR TAX DIRECTOR MAY 20, 2014 Agenda Managing International Assignments! Overview! Global Mobility Issues! Assignment Planning! Tax Issues!
More informationTRACKING TAX IN YOUR INDUSTRY 4.0 TRANSFORMATION
INSIGHTS FROM THE BDO MANUFACTURING & DISTRIBUTION PRACTICE TRACKING TAX IN YOUR INDUSTRY 4.0 TRANSFORMATION An organization s path to Industry 4.0 may be winding or direct, depending on where they are
More informationCEO Pay Strategies. Compensation at S&P 500 Companies
EO Pay Strategies ompensation at S&P 500 ompanies 2013 About Equilar Equilar's award-winning product suite is the gold standard for benchmarking and tracking executive compensation, board compensation,
More information2011 BDO ipo Halftime report
www.bdo.com 2011 BDO ipo Halftime report EXECUTIVE SUMMARY BDO USA Capital Markets PrACtice BDO USA is a valued business advisor to businesses making a public securities offering. The firm works with a
More informationFINANCIAL INSTITUTIONS REMINDER CHECKLIST. REV REC 606 Implementation
FINANCIAL INSTITUTIONS REMINDER CHECKLIST REV REC 606 Implementation 2 FINANCIAL INSTITUTIONS REMINDER CHECKLIST Reminder Checklist This document is intended to be used as a reminder of ASC 606 requirements
More informationIRS ISSUES ACCOUNTING METHOD CHANGE GUIDANCE IN TWO REVENUE PROCEDURES TO COMPLY WITH TANGIBLE PROPERTY REGULATIONS
BDO FIXED ASSETS ALERT 1 MAY 2012 WWW.BDO.COM SUBJECT IRS ISSUES ACCOUNTING METHOD CHANGE GUIDANCE IN TWO REVENUE PROCEDURES TO COMPLY WITH TANGIBLE PROPERTY REGULATIONS SUMMARY On March 7, 2012, the Internal
More informationEXECUTIVE REVIEW GUIDELINES FOR THE IRS FORM 990
EXECUTIVE REVIEW GUIDELINES FOR THE IRS FORM 990 2 Executive Review Guidelines for the IRS Form 990 TABLE OF CONTENTS Part I: Summary....3 Part III: Summary of Program Service Accomplishments....3 Part
More informationTAX DIRECTORS FORESEE DOMESTIC AND CROSS-BORDER GROWTH OVER THE NEXT THREE YEARS
www.bdo.com BDO USA, LLP S Tax Practice BDO Tax, a division of BDO USA, LLP, delivers clients a wide range of fully integrated tax services in the U.S. and around the world, leveraging BDO s global network
More informationExecutive Compensation Index United States
Executive Compensation Index United States 111 Academy Drive, Suite 270 Irvine, CA 92617 800-627-3697 www.erieri.com January 2016 About the Index ERI s Executive Compensation Index is a quarterly report
More informationBIBBY OFFSHORE LIMITED Gender Pay Gap Report
BIBBY OFFSHORE LIMITED Gender Pay Gap Report BIBBY OFFSHORE 2017 GENDER PAY GAP REPORT Bibby Offshore Limited (BOL) are committed to ensuring that all colleagues are treated with fairness, equality and
More informationSIGNIFICANT CHANGES TO DISGUISED SALE RULES UNDER SECTIONS 707 AND 752
OCTOBER 2016 www.bdo.com BDO NATIONAL TAX ALERT 1 SUBJECT SIGNIFICANT CHANGES TO DISGUISED SALE RULES UNDER SECTIONS 707 AND 752 SUMMARY On October 5, 2016, the IRS published final and temporary regulations
More informationBDO USA, LLP STATE TAX COMPARISON GUIDE
BDO USA, LLP STATE TAX COMPARISON GUIDE 2017 Finding the right environment for growth. is more than just a great place to visit. It s also a premier destination for companies seeking to start or grow a
More informationTAX REVENUE RECOGNITION: RECENT DEVELOPMENTS AND PLANNING CONSIDERATIONS
TAX REVENUE RECOGNITION: RECENT DEVELOPMENTS AND PLANNING CONSIDERATIONS January 24, 2019 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company
More informationINTERNAL REVENUE SERVICE AND TREASURY RELEASE PROPOSED REGULATIONS ADDRESSING DEBT/EQUITY CLASSIFICATIONS FOR US TAX PURPOSES
APRIL 2016 www.bdo.com BDO INTERNATIONAL TAX ALERT 1 SUBJECT INTERNAL REVENUE SERVICE AND TREASURY RELEASE PROPOSED REGULATIONS ADDRESSING DEBT/EQUITY CLASSIFICATIONS FOR US TAX PURPOSES AFFECTING This
More information9 Predictions for Middle Market Private Equity in 2019
9 Predictions for Middle Market Private Equity in 2019 In recent years, competition has been steadily increasing in the private equity market to peak levels. As investors seek greater transparency and
More informationBDO KNOWS: REVENUE RECOGNITION TOPIC 606, REVENUE FROM CONTRACTS WITH CUSTOMERS INCOME TAX IMPLICATIONS. Introduction CONTENTS
DECEMBER 2017 www.bdo.com BDO KNOWS: REVENUE RECOGNITION TOPIC 606, REVENUE FROM CONTRACTS WITH CUSTOMERS INCOME TAX IMPLICATIONS CONTENTS INTRODUCTION...1 OVERVIEW OF ASC 606... 2 Five Step Accounting
More informationTHE POTENTIAL IMPACTS OF TAX REFORM TO REITS AND REAL ESTATE & CONSTRUCTION COMPANIES
INSIGHTS FROM THE BDO REAL ESTATE & CONSTRUCTION PRACTICE THE POTENTIAL IMPACTS OF TAX REFORM TO REITS AND REAL ESTATE & CONSTRUCTION COMPANIES On December 22, President Trump signed the tax reform bill,
More informationCompensation of Executive Board Members in European Health Care Companies. HCM Health Care
Compensation of Executive Board Members in European Health Care Companies HCM Health Care CONTENTS 4 EXECUTIVE SUMMARY 5 DATA SAMPLE 6 MARKET DATA OVERVIEW 6 Compensation level 10 Compensation structure
More informationTAX EXECUTIVE OUTLOOK AFTER TAX REFORM
TAX EXECUTIVE OUTLOOK AFTER TAX REFORM May 30, 2018 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms
More informationCOMPARATIVE ANALYSIS SUPERINTENDENT SALARIES
COMPARATIVE ANALYSIS SUPERINTENDENT SALARIES PREPARED FOR THE ALBERTA SCHOOL BOARDS ASSOCIATION February 6, 2018. VANCOUVER EDMONTON CALGARY TORONTO 10609 124 Street, Edmonton, AB T5N 1S5 Tel: 780.428.1501
More informationDECODING CHALLENGES FOR GOVERNMENT REIMBURSEMENT
The New Healthcare World of Revenue Recognition, ASC 606 DECODING CHALLENGES FOR GOVERNMENT REIMBURSEMENT August 1, 2018 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO
More information2018 Global Top 250 Compensation Survey
December 2018 2018 Global Top 250 Compensation Survey Compensation of Chief Executives and Chief Financial Officers 2018 Global Top 250 Compensation Survey FW Cook and FIT Remuneration Consultants, the
More informationAll data published in this report is available on FactSet. Please contact or FACTSET for more information.
John Butters, Senior Earnings Analyst jbutters@factset.com Media Questions/Requests media_request@factset.com July 7, 2017 Key Metrics Earnings Scorecard: As of today (with 5% of the companies in the S&P
More informationJanuary 11, Water s-edge Outbound
Water s-edge Outbound Structure January 11, 2016 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company BDO KNOWLEDGE limited by guarantee,
More informationNational Compensation Forecast
National Compensation Forecast October 2017 2017 National Compensation Forecast Each quarter, ERI examines the rates at which salaries have increased and provides guidance on expected rates of increase
More informationTrends in Nonqualified Deferred Compensation. Take their word for it this benefit is a big deal in the business world.
2015 Trends in Nonqualified Deferred Compensation Published June 2016 Take their word for it this benefit is a big deal in the business world Summary Key employees are the backbone of every organization.
More informationStock Compensation 2017 assumption and disclosure study October 2017 People and Organization
www.pwc.com Stock Compensation 2017 assumption and disclosure study October 2017 People and Organization Dear Clients and Friends PwC is pleased to share with you our Stock Compensation 2017 assumption
More information401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 1998
February 2000 Jan. 401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 1998 by Jack VanDerhei, Temple University; Sarah Holden, ICI; and Carol Quick, EBRI EBRI EMPLOYEE BENEFIT RESEARCH
More informationBDO KNOWS: VALUATION OF PORTFOLIO COMPANY INVESTMENTS IMPORTANT REMINDERS AN ALERT FROM THE BDO FINANCIAL SERVICES PRACTICE BACKGROUND
JANUARY 2019 www.bdo.com AN ALERT FROM THE BDO FINANCIAL SERVICES PRACTICE BDO S ASSET MANAGEMENT PRACTICE BDO s Asset Management Services practice provides assurance, tax and advisory services to asset
More informationExecutive Compensation Trends. July 2018
Executive Compensation Trends July 2018 About The Index ERI s Executive Compensation Trends is a quarterly report that measures trends in executive compensation using analysis of the companies included
More informationRecognition Transition Resource Group 2015 Update
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company BDO KNOWLEDGE limited by guarantee, Webinar Series and forms Revenue part of the Recognition
More informationInto focus. FTSE 350 Executive and Board remuneration report. January 2016
Into focus FTSE 350 Executive and Board remuneration report January 2016 Introduction Executive salaries continue to increase and the median of 2015/16 proposed salary increases is 2.2% Welcome and introduction
More informationCOMPLEXITIES FOR LONG-TERM CARE
The New World of Revenue Recognition, ASC 606 COMPLEXITIES FOR LONG-TERM CARE June 27, 2018 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK
More informationDirectors remuneration in FTSE 100 companies the story of the 2015 AGM season so far Initial findings and the reaction of shareholders
Directors remuneration in FTSE 100 companies the story of the 2015 AGM season so far Initial findings and the reaction of shareholders The Deloitte Academy: Promoting excellence in the boardroom June 2015
More informationExecutive Compensation in Privately Owned Businesses: How It s the Same and How It s Very Different
Executive Compensation in Privately Owned Businesses: How It s the Same and How It s Very Different Don Delves, Director, Willis Towers Watson June 6, 2017 2017 Willis Towers Watson. All rights reserved.
More informationGender Pay Gap Report 2017
Gender Pay Gap Report 2017 Pay And The Bonus Gap Pay difference between men and women HOURLY PAY BONUS PAID Mean * 14.1% 29.1% Median * 5.3% 48.8% Fig. 1. The table above shows our overall mean and median
More informationNONPROFIT STANDARDS, A BENCHMARKING SURVEY
NONPROFIT STANDARDS, A BENCHMARKING SURVEY CONTENTS Strategic Planning... 3 Operations... 7 Scope & Impact... 12 Human Resources... 16 Governance... 18 Survey Methodology and Respondents... 25 ABOUT BDO
More informationIndividual out-of-pocket maximum Individual deductible Emergency room copay Coinsurance Office visit copay Prescription drug deductible
The Zywave Health Plan Design Benchmark Report is based on data drawn from the largest database in the country, consisting of 50,000 health plan designs from over 31,000 employers during the 2014 calendar
More informationCommonfund Higher Education Price Index Update
Commonfund Higher Education Price Index 2017 Update Table of Contents EXECUTIVE SUMMARY 1 INTRODUCTION: THE HIGHER EDUCATION PRICE INDEX 1 About HEPI 1 The HEPI Tables 2 HIGHER EDUCATION PRICE INDEX ANALYSIS
More informationNorth Carolina Tobacco Foundation, Inc Audit Results
North Carolina Tobacco Foundation, Inc. 2017 Audit Results June 30, 2017 Table of Contents Letter of Transmittal 3 Status of Engagements 4 Results of Our Audits 6 Significant Accounting and Reporting Matters
More informationSay On Pay 2014: Losing Steam in Canada
Say On Pay : Losing Steam in Canada BY SEAN BERNSTEIN AND ANDREW MACDOUGALL The number of Canadian companies providing their shareholders with an opportunity to vote on a nonbinding advisory resolution
More informationOrange County Industrial Development Authority (a component unit of Orange County, Florida)
Orange County Industrial Development Authority Financial Statements Years Ended September 30, 2016 and 2015 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited
More informationAUDIT WRAP UP. December 31, 2016
AUDIT WRAP UP December 31, 2016 The following communication was prepared as part of our audit, has consequential limitations, and is intended solely for the information and use of those charged with governance
More informationTrends in Nonqualified Deferred Compensation. Take their word for it this benefit remains a big deal in the business world.
2016 Trends in Nonqualified Deferred Compensation Published April 2017 Take their word for it this benefit remains a big deal in the business world Summary With the economy and job market heating up, the
More informationAbout Meridian Compensation Partners, LLC
About Meridian Compensation Partners, LLC Meridian Compensation Partners, LLC is one of the largest independent executive compensation and corporate governance consulting firms in North America. Meridian
More informationNONPROFIT TAX UPDATE: What the IRS is up to and more!
NONPROFIT TAX UPDATE: What the IRS is up to and more! MACPA Government and Nonprofit Conference April 26, 2013 R. Michael Sorrells, CPA BDO USA, LLP Page 1 Your Presenter Page 2 1 Tax Update Agenda IRS
More informationTel: Fax:
Tel: 312-856-9100 Fax: 312-856-1379 www.bdo.com 330 North Wabash, Suite 3200 Chicago, IL 60611 August 23, 2013 Via email to director@fasb.org Susan M. Cosper Technical Director 401 Merritt 7 PO Box 5116
More informationRHODE ISLAND ADOPTS COMBINED REPORTING REGULATION
BDO STATE AND LOCAL TAX ALERT 1 April 2016 www.bdo.com SUBJECT RHODE ISLAND ADOPTS COMBINED REPORTING REGULATION SUMMARY On March 10, 2016, Rhode Island adopted Regulation CT-16-17, which provides guidance
More information2016 In-House Counsel Compensation Report
2016 In-House Counsel Compensation Report Building World-Class Legal & Compliance Departments Table of Contents Introduction 2 Key Compensation Trends 3 Survey Design 4 Data Methods & Analysis 5 Survey
More informationM&A in the Permian Basin: Heart of the U.S. Shale Boom
M&A in the Permian Basin: Heart of the U.S. Shale Boom The Permian Basin: A bright spot in a muted M&A environment Announced Energy Deals* In the past year, energy investors have pressured companies to
More informationInternational Tax: Tax Reform
International Tax: Tax Reform Joseph Calianno Partner and International Technical Tax Practice Leader Ben Vesely International Tax Senior Manager The below summary contains a high level overview of certain
More informationBDO Annual Nonprofit Tax Update
BDO Annual Nonprofit Tax Update October 24, 2017 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company BDO KNOWLEDGE limited by guarantee,
More informationFUND MANAGER SURVEY August 2008 Conducted on behalf of MERRILL LYNCH
B2 How do you think the region's economy will develop over the next 12 months? B3 How likely do you think it is that the economy in this region will experience recession over the next twelve months? B4
More informationStonebridge Bank and Subsidiaries
Stonebridge Bank and Subsidiaries Consolidated Financial Statements December 31, 2017 and 2016 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability
More informationEXCERPTS OF RECENT MEDIA COVERAGE CORPORATE GOVERNANCE PRACTICE
EXCERPTS OF RECENT MEDIA COVERAGE CORPORATE GOVERNANCE PRACTICE A SAMPLING OF MEDIA COVERAGE FROM THE 2017 BDO BOARD SURVEY AGENDA A Financial Times Service Boards Model Tax Options as Reform Drags On
More information199A DEDUCTION FOR PASS- THROUGH ENTITIES. July 2018
199A DEDUCTION FOR PASS- THROUGH ENTITIES July 2018 With You Today JEFF BILSKY Partner National Tax Office jbilsky@bdo.com 404-979-7193 JACK NUCKOLLS Managing Director National Tax Office jnuckolls@bdo.com
More informationMezzanine Financing. The Newsletter of the BDO Real estate INDUSTRY practice. Explained. u Higher Return. Spring
Spring 2012 www.bdo.com The Newsletter of the BDO Real estate INDUSTRY practice Contents Mezzanine Financing Plays Important Role................... 1 Mortgage Interest Deductible...... 2 Distressed Real
More informationBDO USA, LLP. International Assignment Issues in Emerging Markets/Developing Countries (China, Latin America, Africa)
BDO USA, LLP International Assignment Issues in Emerging Markets/Developing Countries (China, Latin America, Africa) Ken Guilfoyle, Senior Director Expatriate Tax Services, BDO USA, LLP September 23, 2014
More informationAIM DIRECTORS REMUNERATION REPORT
AIM DIRECTORS REMUNERATION REPORT ii AIM DIRECTORS REMUNERATION REPORT executive summary 1 ceo remuneration 2 cfo remuneration 6 OTHER EXECUTIVE DIRECTOR REMUNERATION NON-EXECUTIVE DIRECTOR REMUNERATION
More informationAudio Webcast. May 14, :00 p.m. CT
Audio Webcast May 14, 2014 1:00 p.m. CT 1 EXXONMOBIL 2014 EXECUTIVE COMPENSATION OVERVIEW WEBINAR Before you cast your vote on Management Resolution Item 3 Advisory Vote to Approve Executive Compensation,
More informationFinancial Statements and Supplemental Information Years Ended September 30, 2017 and 2016
The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of BDO International Limited, a UK company limited by guarantee.
More informationNATURAL RESOURCES & THE R&D TAX CREDIT
NATURAL RESOURCES & THE R&D TAX CREDIT Financing Innovation in the New Tax Regime August 28, 2018 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited,
More informationTel: Fax:
Tel: 312-856-9100 Fax: 312-856-1379 www.bdo.com 330 North Wabash, Suite 3200 Chicago, IL 60611 October 11, 2013 Via email to director@fasb.org Susan M. Cosper Technical Director 401 Merritt 7 PO Box 5116
More informationIn-House Counsel COMPENSATION REPORT COPYRIGHT 2015 GENERAL COUNSEL METRICS. ALL RIGHTS RESERVED
In-House Counsel COMPENSATION REPORT COPYRIGHT 2015 GENERAL COUNSEL METRICS. ALL RIGHTS RESERVED T a b l e of Contents About This Report 3 4 6 7 9 11 13 15 17 19 21 23 25 27 Introduction Understanding
More informationTAX REFORM S IMPACT ON THE TECHNOLOGY INDUSTRY
INSIGHTS FROM THE BDO TECHNOLOGY PRACTICE TAX REFORM S IMPACT ON THE TECHNOLOGY INDUSTRY On December 22, just a few weeks following the passage of the Senate s Tax Cuts and Jobs Act, the conference version
More informationAs the real estate industry, fueled by a stabilized economy and low. LOOMING INTEREST RATE INCREASES SPUR MANY INDUSTRY CONCERNS FOR REITs
2015 www.bdo.com For more information on BDO USA s service offerings to this industry, please contact one of the following regional practice leaders: STUART EISENBERG New York 212-885-8431 / seisenberg@bdo.com
More informationCurrent Ratio - General Fund
Current Ratio - General Fund Are General Fund expenses able to be paid as they come due? Description: This measure is designed to focus on the liquidity position of the County s General Fund that has arisen
More informationU.S. CORPORATE PENSION PLANS INVESTMENT TRENDS SINCE THE FINANCIAL CRISIS
Michael Reid, Vice President CEM Benchmarking Inc. 372 Bay Street, Suite 1000 Toronto, ON, M5H 2W9 www.cembenchmarking.com March 2018 U.S. CORPORATE PENSION PLANS INVESTMENT TRENDS SINCE THE FINANCIAL
More information**The chart below shows the amount of leisure time enjoyed by men and women of different employment status.
Bar Graph **The chart below shows the amount of leisure time enjoyed by men and women of different employment status. Write a report for a university lecturer describing the information shown below. Leisure
More informationHumane Society of North Texas
Financial Statements As of and For the Years Ended December 31, 2016 and 2015 This report was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of BDO International Limited,
More information2017 BDO TAX OUTLOOK SURVEY
2017 BDO TAX OUTLOOK SURVEY The BDO Tax Outlook Survey of Tax Executives is a national telephone survey conducted by Market Measurement, Inc., an independent market research consulting firm, whose executive
More informationW HIGHLIGHTS - EXECUTIVE SUMMARY
FURNITURE INSIGHTS Smith Leonard PLLC s Industry Newsletter June 2018 W HIGHLIGHTS - EXECUTIVE SUMMARY e had heard at the High Point Market that business seemed to have picked up a bit. We also heard that
More informationTAX REFORM IMPACT ON COMPENSATION & BENEFITS PLANNING. August 21, 2018
TAX REFORM IMPACT ON COMPENSATION & BENEFITS PLANNING August 21, 2018 CPE and Support CPE Participation Requirements To receive CPE credit for this webcast: You ll need to actively participate throughout
More informationSIGNIFICANT ACCOUNTING & REPORTING MATTERS
AN OFFERING FROM BDO S NATIONAL ASSURANCE PRACTICE SIGNIFICANT ACCOUNTING & REPORTING MATTERS Significant Accounting & Reporting Matters Second Quarter 2011 1 FOURTH QUARTER 2016 BDO is the brand name
More informationAN OFFERING FROM BDO S NATIONAL ASSURANCE PRACTICE SIGNIFICANT ACCOUNTING & REPORTING MATTERS
AN OFFERING FROM BDO S NATIONAL ASSURANCE PRACTICE SIGNIFICANT ACCOUNTING & REPORTING MATTERS Significant Accounting & Reporting Matters Second Quarter 2011 1 FIRST QUARTER 2016 BDO is the brand name for
More information2016 U.S. CDB General Industry Executive Compensation Survey Results and Trends Webinar
2016 U.S. CDB General Industry Executive Compensation Survey Results and Trends Webinar Please dial in using the following details: U.S. Attendee Dial-in: (855) 299-6703 International Toll Attendee Dial-in:
More information2015 HEALTH PLANS BENCHMARK SUMMARY 2
The Zywave Health Plan Design Benchmark Report is based on data gathered from the largest database in the country, consisting of tens of thousands of employer-offered health plans. The report provides
More informationRESEARCH PAPER Benchmarking New Zealand s payment systems
RESEARCH PAPER Benchmarking New Zealand s payment systems May 2016 Payments NZ has relied on publically available information and information provided to it by third parties in the production of this report.
More informationTHE UNITED WAY OF ALLEGHENY COUNTY
THE UNITED WAY OF ALLEGHENY COUNTY Financial Statements June 30, 2014 and 2013 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and
More information2018 UK CEO Value Index FTSE 100
2018 UK CEO Value Index FTSE 100 Table of Contents Foreword...2 Approach and Methodology...3 Executive Summary...6 Summary Findings 2018...7 Insights...10 Further Information...19 About Pearl Meyer...20
More information2013 French Equity Based Compensation FAQ
December 17, 2012 Institutional Shareholder Services Inc. Copyright 2012 by ISS www.issgovernance.com ISS' 2013 French Equity Based Compensation Policy FAQ Effective for Meetings on or after Feb. 1, 2013
More informationSHORT RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS IN INDIA
CHAPTER 5 SHORT RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS IN INDIA It is a pervasive feature of markets, the world over, those investors who subscribed to initial public offerings, on the offer day,
More informationD&O CLAIMS TRENDS: Q April Sponsored by:
D&O CLAIMS TRENDS: Q1 2014 April 2014 Executive Summary The first quarter of 2014 had the fewest securities and business litigation filings and enforcement actions since prior to the financial crisis.
More informationCONTACT: SUBJECT SUMMARY DETAILS. AUGUST
AUGUST 2016 www.bdo.com BDO STATE AND LOCAL TAX ALERT 1 SUBJECT PENNSYLVANIA ADOPTS CORPORATE TAX AMENDED RETURN PROVISIONS, SUBJECTS DIGITAL GOODS TO SALES/USE TAX, ESTABLISHES A TAX AMNESTY PROGRAM,
More informationCapital Advisory Group Institutional Investor Survey
INSIGHTS Global Capital Advisory Group 2018 Institutional Investor Survey Capital Advisory Group This material is provided by J.P. Morgan s Capital Advisory Group for informational purposes only. It is
More information