The Business of Fashion - People and Politics (Part I): Executive Compensation and Employee Benefits Update

(53 Ratings)

Produced on: January 12, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 60 minutes
Difficulty Intermediate

It’s all about the economy. Being an employer of choice, particularly in the fashion industry where competition for talent is fierce, is becoming even more challenging. Rising costs of goods, spending curtailment and increasing access to discounted merchandise has the fashion industry scratching its head regarding appropriate compensation and benefits. Finding the right mix of talent, vision and loyalty is difficult enough without having to worry about non-competition clauses, golden handcuffs and other restrictive covenants. Moreover, keeping the top talent connected to your brand and in-house needs the right mixture of money and creativity.

In this course, viewers learn how to advantageously use non-competes and restrictive covenants as well as to identify best practices when an employee or executive leaves one company for another. In addition, viewers see how fashion brands are reinforcing non-solicitation and other provisions after termination of the employment relationship. Lastly, attendees explore how to develop and administer an incentive plan that works for their organization. There is also an exploration of new ideas for 2017 and look back at 2016.

Join Rania V. Sedhom, Managing Member, Sedhom Law Group, PLLC, a Bespoke Law Firm and Marjorie M. Glover, Chair of Chadbourne & Parke LLP employment law, executive compensation and employee benefits departments, as they discuss the practical effects and solutions of certain employee benefits and executive compensation practices. 


Learning Objectives:
  1. Define executive compensation and employee benefits
  2. Understand non-solicitation
  3. Grasp restrictive covenants
  4. Explore and comprehend incentive plans
  5. Discuss a look back (and forward)

Faculty

Rania V. Sedhom

Sedhom Law Group, PLLC

Rania V. Sedhom, Managing Partner of the firm, is an attorney who provides practical and efficient solutions to complex problems. Rania has extraordinary interpersonal skills that allow her to forge win-win relationships across diverse organizations and cross-functional stakeholders. She is also a skilled legal and business commentator with appearances on national print and TV media, including L.A. Times, the Chicago Tribune, the Baltimore Sun, Forbes, Inc., Business Week, and CNN Money. 

 Rania is admitted to the Bars of the State of New York and New Jersey, the Eastern District of New York, the Southern District of New York, the District of New Jersey and the Third Circuit. Rania attended Syracuse University College of Law, where she was Editor of The Labor Lawyer and The Digest and served as Vice-Justice of the Phi Alpha Delta Law Fraternity. Prior to law school, Rania attended Columbia University where she majored in political science.

Marjorie M. Glover

Chadbourne & Parke LLP

Marjorie Glover is the chair of Chadbourne’s executive compensation and employee benefits practice group and of the Firm’s employment law department. Her practice focuses exclusively in the areas of executive compensation and employee benefits law, corporate governance and risk oversight and employment law.

Ms. Glover advises on employee benefits and executive compensation issues in domestic and cross-border mergers, acquisitions, dispositions, public offerings, private placements, project financing and other financings.

Ms. Glover advises on all aspects of executive compensation, including employment, separation and consulting agreements, equity- and cash-based incentive plans, deferred compensation arrangements and issues under Internal Revenue Code Section 162(m) (executive pay cap limits), 280G (golden parachutes) and 409A (restrictions on non-qualified deferred compensation).

Ms. Glover advises regularly on all aspects of compliance with United States employee benefits laws, including, for example, compliance with ERISA and applicable tax, labor and health insurance laws. She has extensive experience in the design, implementation, administration and termination of pension, cash balance, profit-sharing, 401(k) savings, employee stock ownership plans and welfare benefit plans. Ms. Glover represents companies in connection with Department of Labor and Internal Revenue Service filings, audits and investigations.

Ms. Glover has particular expertise in health care law requirements for employers, including the Patient Protection and Affordable Care Act of 2010, Health Information Technology for Economic and Clinical Health of 2009, Genetic Information Nondiscrimination Act of 2008, Health Insurance and Portability Accountability Act of 1996, Consolidated Omnibus Budget Reconciliation Act of 1985 and other health care laws.

Ms. Glover advises investment funds and investment fund investors with respect to ERISA’s fiduciary requirements, including plan asset and prohibited transaction requirements and exemptions.

Ms. Glover advises companies, boards of directors and board committees on a wide range of corporate governance and risk oversight matters.

Ms. Glover also advises on all aspects of employment law, including, for example, laws related to wages and hours, payroll tax, non-discrimination, employee discipline, suspension and termination, substance abuse, privacy and leaves of absence.

Honors

Ms. Glover is recognized in the Best Lawyers in America (2009 to present) for her work in employee benefits law. She is cited in Super Lawyers (2006 to present) in the specialty of employee benefits/ERISA and The International Who’s Who of Professionals.

Activities and Affiliations

  • Member: American Bar Association, Tax Section; Center for International Legal Studies, Member of Congress of Fellows; National Association of Stock Plan Professionals; New York Bar Association, Tax Section; The Association of the Bar of the City of New York, National Center for Employee Ownership (NCEO)
  • Civic activities: Advocates for Children; Autism Speaks; Connecticut Down Syndrome Congress

Publications

Ms. Glover is a regular monthly “Ask the Expert” columnist for Employee Benefit Plan Review magazine.

  • "Long-Awaited Final Employer "Pay or Play" Regulations Issued," Client Alert, February 28, 2014
  • "Employer "Pay or Play" Health Care Mandate Is Further Delayed Until 2016 for Medium-Sized Companies," Client Alert, February 11, 2014
  • "Nasdaq Amends Rules on Compensation Committee Independence," Client Alert, December 6, 2013
  • "Year 2014 Retirement Plan Cost-of-Living Adjustments," Client Alert, November 1, 2013
  • "SEC Proposes Pay Ratio Rules," Client Alert, September 24, 2013"

Speeches and Events

  • Employer Essentials for Start-Ups, New Businesses and Growing Companies, June 19, 2014
  • "Understanding IRS Proposed Regulations on Community Health Needs Assessments," The Knowledge Congress, New York, NY, September 26, 2013
  • "IRS Guidance on Hardship Withdrawals: Practical Tips for Avoiding Common Pitfalls," Lorman Education Services Audio Conference, New York, NY, August 1, 2013
  • "Implementation of the Affordable Care Act: Implications for 2014 and Beyond," New York City Bar Association, New York, NY, March 21, 2013
  • "Impact of Supreme Court Decision on Health Care Reform," New York, NY, July 13, 2012

Reviews

MY
Maria Y.

Both speakers were very knowledgeable.

Load More

$59

$ 59 Labor & Employment Law and Employee Benefits In Stock

Accreditation

Get Unlimited Access to Lawline Courses

Unlimited CLE Subscription gives you access to take almost any course from our catalog and earn as much CLE credit as you need.