LGF » Topics » Compensation Committee

This excerpt taken from the LGF DEF 14A filed Aug 17, 2009.
Compensation Committee
 
Messrs. Evrensel (Chair), Ludwig and Simm are the current members of the Compensation Committee. The Compensation Committee held seven meetings during fiscal 2009 (in person or via teleconference). Mr. Ludwig replaced Mr. Simmons as a member of the committee in September 2008. The Compensation Committee is governed by a written charter adopted by our Board of Directors, as amended on May 30, 2007. The full text of the charter is available in the Investors/Governance Documents section on our website at www.lionsgate.com, or may be obtained in print, without charge, by any shareholder upon request to our Corporate Secretary.
 
Pursuant to its charter, the duties and responsibilities of the Compensation Committee include, among other things, the following:
 
  •  reviewing, evaluating and making recommendations to our Board of Directors with respect to management’s proposals regarding the Company’s overall compensation policies;
 
  •  evaluating the performance of and reviewing and approving the level of compensation for our Chief Executive Officer and Vice Chairman;
 
  •  in consultation with our Chief Executive Officer, considering and approving the compensation arrangements for the other executive officers and employees of the Company with compensation arrangements that meet the requirements for Compensation Committee review; and
 
  •  reviewing and recommending for adoption by our Board of Directors incentive compensation plans and equity compensation plans and administering such plans.
 
The Compensation Committee may form subcommittees and delegate to its subcommittees such power and authority as it deems appropriate, but no subcommittee will have final decision-making authority on behalf of the Board of Directors unless so authorized. The Compensation Committee has no current intention to delegate any of its authority to any subcommittee. Our executive officers, including the Named Executive Officers (as defined below), do not have any role in determining the form or amount of compensation paid to the Named Executive Officers and our other senior executive officers. However, our Chief Executive Officer does make recommendations to the Compensation Committee with respect to compensation paid to the other executive officers.
 
Pursuant to its charter, the Compensation Committee is also authorized to retain independent compensation consultants and other outside experts or advisors as it believes to be necessary or appropriate to carry out its duties. For fiscal 2009, the Compensation Committee utilized a detailed report created by third-party compensation firm Towers Perrin to assist it in determining compensation levels for our senior executive officers.
 
In the section entitled Compensation Discussion and Analysis, we provide additional discussion of the Compensation Committee’s role and responsibilities.
 
Our Board of Directors has determined that each member of the Compensation Committee qualifies as an “independent” director under the NYSE listing standards.
 
This excerpt taken from the LGF DEF 14A filed Jul 24, 2008.
Compensation Committee
 
Messrs. Evrensel (Chair), Simm and Simmons are the current members of our Compensation Committee. The Compensation Committee held fourteen meetings during fiscal 2008. The Board has determined that each member of the Compensation Committee is independent under the rules of the NYSE. The Compensation Committee operates pursuant to a written charter. The full text of the charter is available in the Investors/Governance Documents section of the Company’s website at www.lionsgate.com, and may be obtained in print, without charge, by any stockholder upon request to the Corporate Secretary of the Company. The Board amended and restated the Compensation Committee’s charter on May 30, 2007.
 
Pursuant to its charter, the Compensation Committee’s responsibilities include the following:
 
  •  reviewing, evaluating and making recommendations to the board of directors with respect to management’s proposals regarding the Company’s overall compensation policies;
 
  •  evaluating the performance of and reviewing and approving the level of compensation for the Company’s Chief Executive Officer and Vice Chairman;
 
  •  in consultation with the Chief Executive Officer, considering and approving the compensation arrangements for the other executive officers and employees of the Company with compensation arrangements that meet the requirements for Compensation Committee review; and
 
  •  reviewing and recommending for adoption by the board of directors incentive compensation plans and equity compensation plans and administering such plans.
 
The Compensation Committee may form subcommittees and delegate to its subcommittees such power and authority as it deems appropriate, but no subcommittee will have final decision-making authority on behalf of the board of directors unless the board of directors so authorizes. The Compensation Committee has no current intention to delegate any of its authority to any subcommittee. Our executive officers, including the Named Executive Officers (as defined below), do not have any role in determining the form or amount of compensation paid to our Named Executive Officers and our other senior executive officers. However, our Chief Executive Officer does make recommendations to the Compensation Committee with respect to compensation paid to the other executive officers.
 
Pursuant to its charter, the Compensation Committee is also authorized to retain independent compensation consultants and other outside experts or advisors as it believes to be necessary or appropriate to carry out its duties. For fiscal 2008, the Compensation Committee did not retain independent compensation consultants to assist it in determining the compensation levels for our senior executive officers.
 
This excerpt taken from the LGF DEF 14A filed Jul 26, 2007.
Compensation Committee
 
The Compensation Committee of the board of directors is comprised of Messrs. Evrensel (Chair), Simm and Simmons. The Compensation Committee held ten meetings during fiscal 2007. The Board has determined that each member of the Compensation Committee is independent under the rules of the New York Stock Exchange. The Compensation Committee operates pursuant to a written charter, which is posted in the Investors/Governance section of the Company’s website at www.lionsgate.com, or which may be obtained in print without charge by any stockholder upon request to the Corporate Secretary of the Company. The Board amended and restated the Compensation Committee’s charter on May 30, 2007.
 
Pursuant to its charter, the Compensation Committee’s responsibilities include the following:
 
  •  reviewing, evaluating and making recommendations to the board of directors with respect to management’s proposals regarding the Company’s overall compensation policies;
 
  •  evaluating the performance of and reviewing and approving the level of compensation for the Company’s Chief Executive Officer (CEO) and Vice Chairman;
 
  •  in consultation with the CEO, considering and approving the compensation arrangements for the other executive officers and employees of the Company with compensation arrangements that meet the requirements for Compensation Committee review; and
 
  •  reviewing and recommending for adoption by the board of directors incentive compensation plans and equity compensation plans and administering such plans.
 
The Compensation Committee may form subcommittees and delegate to its subcommittees such power and authority as it deems appropriate, but no subcommittee will have final decision-making authority on behalf of the board of directors unless the board of directors so authorizes. The Compensation Committee has no current intention to delegate any of its authority to any subcommittee. Our executive officers, including the Named Executive Officers (as identified below), do not have any role in determining the form or amount of compensation paid to our Named Executive Officers and our other senior executive officers. However, our CEO does make recommendations to the Compensation Committee with respect to compensation paid to the other executive officers.
 
Pursuant to its charter, the Compensation Committee is authorized to retain such independent compensation consultants and other outside experts or advisors as it believes to be necessary or appropriate to carry out its duties.


18


Table of Contents

For fiscal 2007, the Compensation Committee retained the firm of Mercer Human Resource Consulting (“Mercer”) as independent compensation consultants to assist it in determining the compensation levels for our senior executive officers. The Compensation Committee made its compensation decisions during fiscal 2007, including decisions with respect to its Named Executive Officers’ compensation, after consultation with Mercer. Mercer advised the Compensation Committee with respect to trends in executive compensation, determination of pay programs, assessment of competitive pay levels and mix (e.g., proportion of fixed pay to incentive pay, proportion of annual cash pay to long-term incentive pay), and setting compensation levels. Mercer also reviewed and identified our appropriate peer group companies for fiscal 2007, helped the Compensation Committee to obtain and evaluate current executive compensation data for these peer group companies and provided the Compensation Committee with a shareholder value analysis and competitive pay assessment of these companies. In addition, the Company participates in a compensation survey of the entertainment industry provided by Towers Perrin that provides group compensation data on the Company’s principal competitors. All compensation decisions were made solely by the Compensation Committee or the board of directors.
 
This excerpt taken from the LGF DEF 14A filed Jul 28, 2006.
Compensation Committee
 
Messrs. Evrensel (Chair), Simm and Simmons are the current members of our Compensation Committee. This committee held 16 meetings during fiscal 2006. Our Compensation Committee reviews and approves the compensation of our Chief Executive Officer and, in consultation with our CEO, other executive officers, evaluates the Company’s overall compensation policies, makes recommendations to our board of directors regarding the Company’s incentive-compensation plans and equity-based compensation plans and periodically reviews the adequacy and form of compensation of directors, committee members, senior officers and employees. Our Compensation Committee operates pursuant to a written charter adopted by our board of directors. The full text of the charter is available on the Company’s website at www.lionsgate.com and in print to any shareholder who requests it. Our board of directors believes that each member of the committee qualifies as an independent director as defined under NYSE listing standards and applicable U.S. Securities and Exchange Commission rules.
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki