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ORC Networks
International Management and Remuneration Group
The International Management and Remuneration Group (IMRG) is
an ongoing
network for executives from leading companies in the U.S. and Europe
to focus on
developments in the HR field with particular emphasis on executive
performance
and reward. Established for 20 years, the IMRG meets twice a year
with confidential
meetings that alternate between the U.S. and Europe, in May and
October each year.
IMRG meetings are characterized by a high level of participation,
which is further
supported by informal peer networking between scheduled meetings.
In order to
maximize member input at IMRG meetings, ORC circulates a pre-meeting
primer to
all network members.
Benefits
The International Management and Remuneration Group offers members
the
following benefits:
- A forum to address executive reward issues that affect
policymaking decisions faced
by senior reward and remuneration managers in the U.S. and Europe
- Facilitated ORC meetings at which members share how they
handle rewards/remuneration
issues, such as maintaining an effective reward system for executives,
using
reward resources strategically, planning market-competitive executive
programmes,
and designing benefit plans that meet with strategic business
goals
- Analysis of relevant U.S. and European laws that impact
reward
- Roundtable discussions at which members share best practices
in reward/remuneration
management
- Networking with your peers in a confidential setting
Services
Services are tailored to meet the changing needs of the members
and currently
include:
Meetings and Networking
• Two annual confidential sessions facilitated by ORC.
- Typically, members meet in May in Europe and in October
in North America and 12 to 15 participants attend each scheduled
meeting. Agendas are tailored
to members’ needs and guided by a steering committee.
Discussion subjects
address strategic reward issues of concern to member organisations.
- Informal networking opportunities are built into all sessions;
and, the professional
relationships forged at these meetings are maintained and
strengthened between meetings by both casual and structured contacts.
Information and Data
- Issues on reward and remuneration are discussed and
analyzed covering topics such as:
- Corporate governance and reward practices
- Long-term incentive/wealth creation programmes
- Impact on LTI plans of the implementation of new
international accounting
standards
- Hiring packages for international senior executives
- Compensation/Remuneration Committee issues, for example,
handling issues
raised by shareholders/institutional bodies
- Interface between board level reward practices and
corporate remuneration
programmes
- Non-executive directors’ remuneration
- Peer group comparators, in particular their role
in LTI programmes
- Executive international mobility practices
- Special topics—such as the impact of IAS 19
on retirement and pensions
- At members’ request, ORC conducts group surveys
on themes of common interest
in the executive reward and remuneration area.
Membership
Membership is limited to 30 companies because the meetings are
designed for members
to have frank, open, and in-depth discussions, and to build trust
with each other.
The company representative must be in charge of the organisation’s
global:
- Executive remuneration
- Human resources
- Rewards management
Who Should Join?
If you have responsibility for managing your
company's global HR and compensation, consider the advantages of
joining the International Management and Remuneration Group. Contact Michael
Maher at +44 (0) 20 7591 5600 to learn more about this network.
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