09/21/2021 | by
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1315_REITworks_Jeremy Banoff_2021-09-10

Jeremy Banoff, vice chairman at Ferguson Partners, participated in a video interview in conjunction with Nareit’s REITworks: 2021 Conference.

Banoff discussed how the shift toward linking corporate compensation and social responsibility performance has gained momentum in recent years. He noted that five years ago, such a link was non-existent. “Now, it’s increasingly common to find some kind of ESG metric, including that of social responsibility, in corporate compensation plans,” Banoff said.

Meanwhile, Banoff addressed some of the challenges that companies face in creating the right mix of compensation incentives for their executives. He concluded that “a company’s strategy on ESG should lead its compensation, it really shouldn’t be the other way around.”

Banoff also commented on how corporate social responsibility, in the form of an engaged and satisfied employee base, ultimately maximizes shareholder value.