Richard V. Smith (Rick) is a Consultant with Grahall, LLC and a member of the leadership team. He serves clients throughout the western region and is based in our Scottsdale office. Rick is an independent advisor to compensation committees and management of public and private companies as well as not-for-profit organizations and large family owned businesses. He has extensive experience providing competitive market analysis for senior level executives and designing and implementing performance based reward strategies that define the proper mix of annual and long-term incentives as appropriate to the organization and its culture. Rick works closely with boards of trustees of colleges and universities as well as national and global charitable organizations, health care systems, performing arts and other 501©(3) organizations assisting with determining reasonable compensation.
Rick advises on risk management as it relates to executive pay and structures executive employment contracts in light of current practices and individual situations. Rick also recommends appropriate compensation for independent Directors and advises boards and management on succession planning and strengthening governance. He also structures compensation plans for companies in pre and post IPO and M & A positions both domestic and internationally.
Rick’s consulting experience also includes many assignments to the financial services industry including retail banking both national and regional and to the manufacturing, retail, energy and pharmaceutical industries among others. Rick has 25 years of experience, previously as the southwest regional executive compensation lead for Towers Watson, National Executive Compensation and Governance Practice leader for Sibson Consulting located in their New York City and Phoenix offices, Director and Executive Compensation Practice leader at KPMG and a Senior Consultant at The Hay Group and Mercer. Rick’s assignments have been located throughout the United States, Europe, Canada, the Middle East and Hong Kong.
Rick has spoken before several professional organizations, including at WorldatWork presenting the “8 Habits of a Highly Effective Compensation Committee” in 2010 and “Redefining Executive Pay-for-Performance” in 2011. Other conference speaking engagements include the New York Society of Security Analysts, The New York Hospital Forum and as a member of the Shareholder Forum that studies the impact of “Say on Pay”. His articles on “The Role of the Board and the CEO” and “Rational for Remuneration in Higher Education” have been published in several journals including “Financial Executive” and “Business Officer” plus his recent article “A Holistic Approach to Rewarding the Method of Stock Appreciation” published in “Workspan” magazine. Rick has made several guest appearances on Fox, CNBC, Bloomberg News and the BBC World News television on executive pay.
Rick is currently a Director on the Board of Econet, Inc. and serves as their Compensation Committee Chair. Other memberships and affiliations include The Economic Club of New York, The NACD, NASPP, The Shareholder Forum, WorldatWork, The Conference Board, The NFTC, NACUBO, CACUBO and ASHRA.