Voya 2013 Annual Report Download - page 434

Review and Assessment of Compensation Policies
In 2013, following our IPO, the Company reviewed its executive compensation policies and practices in
light of our emergence as a newly public U.S. company. The Compensation and Benefits Committee helped lead
this assessment.
During 2013, the Committee retained Pay Governance LLC, to serve as its executive compensation
consultant. Among other services, Pay Governance assisted and advised the Committee in connection with its
review of executive compensation policies and practices.
Comparison Group
As part of its review, in 2013 the Committee established a comparison group of peer companies, with the
assistance and advice of the Company’s management and Pay Governance. The Committee used this comparison
group, in part, to evaluate the Company’s compensation policies and practices, and as a means by which to
measure the compensation packages of its executives. In establishing the comparison group, the Committee
considered numerous factors, including whether potential member companies competed with us in the same
competitive labor market or in similar lines of business, the potential member company’s market capitalization
(with a view to having the market capitalization of most comparison group companies be within 50% and 300%
of the market capitalization of the Company), and various other factors, including the revenues, workforce size
and assets under management or assets under administration of potential member companies.
For 2013, the comparison group of companies considered by the Committee (which we refer to in this
CD&A as the “Comparison Group”) included the following companies:
• Ameriprise Financial Inc
• Eaton Vance Corp
• Genworth Financial Inc
• Hartford Financial Services Group
• Invesco Ltd.
• Legg Mason, Inc.
• Lincoln National Corp
• Manulife Financial Corp
• Metlife Inc
• T Rowe Price Group Inc
• Principal Financial Group Inc
• Prudential Financial Inc
• Sun Life Financial Inc
• Torchmark Corp
• Unum Group
12