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Two More FEI Studies Issued: Financial Executives’ Compensation; Technology Issues
May 5, 2008
FEI Summary
Two new studies on financial executives’ compensation and technology issues for financial executives were released on May 5, 2008 by the Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI).
The findings were unveiled this week at FEI's 2008 Summit Conference in Phoenix, Arizona.
2008 Financial Executives Compensation Survey
The 2008 Financial Executives Compensation Survey, the second annual study of its kind published by FERF, provides a year-to-year comparison of compensation for finance professionals. The study examined salaries, bonuses, long-term incentives and retirement benefits of over 1,900 financial executives from both public and private companies, of which nearly half were CFOs.
FEI President and CEO Michael P. Cangemi said, "While the current economic conditions and market turmoil are likely to impact the C-Suite this year, our results show that the salaries of the overall financial professional group are still up.”
He noted the study serves as an important benchmark, in that it was completed by financial executives for the benefit of their peers. The full report can be downloaded for free by FEI members from FERF’s online bookstore, and can be purchased by nonmembers for $129. Additional information on this study can be found in this FEI press release.
Technology Issues for Financial Executives – 2008 Annual Report
The 10th annual report on Technology Issues for Financial Executives was published this week by FERF, in association with Computer Sciences Corporation (CSC) and FEI’s Committee on Finance & Information Technology (CFIT).
The report provides a detailed assessment of the information technology (IT) practices, priorities and problems that confront today’s senior financial leaders in 2008. FEI members can download the report for free, and nonmembers can purchase a copy from FERF’s online bookstore.
Seventh Study of Costs and Benefits of Sarbanes-Oxley Section 404
The two new studies issued this week follow the April 30 release of FEI’s seventh report on the costs and benefits of internal control reporting under Sarbanes-Oxley Section 404, previously reported here.
Like the above two reports, the Sarbanes-Oxley cost-benefit report can be downloaded for free by FEI members, and can be purchased by nonmembers from FERF’s online bookstore. The cost for nonmembers to purchase the report is $99.
FERF Reports Are Another Benefit of FEI Membership
The leading-edge, practical research published in the FERF reports noted above and the other reports published throughout the year by FERF, listed in the online bookstore, are among the significant benefits available to FEI members, who receive real-time access to FERF’s reports, at no extra charge, as a benefit of their FEI membership.
Consider applying for FEI membership to receive the benefit of FERF reports and other benefits like reduced fees to attend FEI conferences – which offer CPE – like FEI’s Summit conference in the Spring, our Current Financial Reporting Issues conference in the fall, and our Global Financial Reporting Convergence Conference June 5. (Details listed in “Events” on www.financialexecutives.org)
FEI membership information is available here.
Prepared May 6, 2008 by Edith Orenstein, Director, Technical Policy Analysis, Financial Executives International (FEI). This summary does not represent FEI opinion unless specifically noted above.
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