It looks like ongoing market volatility hasn’t affected North American executive compensation plans.
As institutional funds continue to be battered by volatile equity markets and low interest rates, more boards and investment committees are considering investment delegation, also called investment outsourcing, a Mercer survey has found.
In the wake of the recent financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in July 2010.
The growing impact of high-cost specialty drugs, coupled with shifting roles for health practitioners, calls for stakeholders to work together to improve drug plan efficiencies. But how?
Magna International Inc., a global vehicle part manufacturer and assembler with a workforce of 104,000, has a decentralized management structure that allows every division to run as a separate entity, said Arthur Fabbro, the organization’s director of total compensation.
While Canadian drug innovators have to follow an arduous process when filing for regulatory approval for traditional small molecules, generic manufacturers “don’t have to prove as much, so the process is abbreviated—although they have to wait until the patents for the original drug and a data-exclusivity period have expired,”
Moderator Suzanne Lepage, a Toronto-based private plan strategist, launched the discussion by asking panellists what principles they followed when making decisions about drugs.
First and foremost, custodians keep an investor’s assets safe and secure. But as pension plans continue to invest in more sophisticated assets—private equity, derivatives and hedge funds—custodians are no longer simply dealing with traditional stocks and bonds.
North American organizations are facing significant staffing challenges as they expand into emerging markets, according to research by Mercer.
Steve Moffatt, senior vice-president of sales and marketing with Green Shield Canada, questioned plan sponsors’ ongoing tendency to have their drug plans provide full coverage in today’s financially constrained landscape.