Lila Manassa Murphy
Green Brick PartnersAbout Lila Manassa Murphy
Independent director since April 2022 (age 53), Audit Committee Chair and Compensation Committee member. She is EVP and CFO of Dundee Corporation (since May 2021), a CFA and CPA, with 25+ years in investment management; BA from New York University and active member of the Latino Corporate Directors Association . The Board has formally determined she is independent under NYSE standards; Audit Committee also designates her as an “audit committee financial expert” .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Dundee Corporation (TSX) | EVP & CFO | May 2021–present | Previously served on board and audit committee (Aug 2018–Mar 2021) |
| Intrinsic Value Partners, LLC | Founder | 2018– | Consulting to asset managers and family offices |
| Federated Hermes, Inc. | Vice President & Portfolio Manager | Prior role | Focus on natural resources and hard assets |
| David W. Tice & Associates Inc. | Analyst | Prior role | Gold and natural resources investing |
External Roles
| Organization | Role | Committees | Notes |
|---|---|---|---|
| Gold Resource Corporation (NYSE) | Director | Audit; Safety, Sustainability & Technical; Chair of Nominating & Governance | Current public company directorship |
| Sustainable Development Strategies Group (non-profit) | Board & Finance Committee | Finance Committee | US-based independent research institute |
Board Governance
- Committee assignments: Audit Committee Chair; Compensation Committee member; not on Governance & Sustainability or Insurance Committees .
- Audit Committee: Met 5 times in 2024; oversees financial reporting integrity, auditor independence, internal controls, and cybersecurity/information technology risks; all members independent; Murphy and Olsen designated “financial experts” .
- Compensation Committee: Met 9 times in 2024; all members independent; no interlocks or insider participation; retained Pearl Meyer (Jan 2024) and FW Cook (Aug 2024); both assessed independent with no conflicts .
- Board attendance: Board met 5 times in 2024; each director attended at least 75% of Board and committee meetings; independent directors hold executive sessions each quarterly meeting .
- Independence: Board determined Murphy is independent under NYSE standards .
Fixed Compensation (Director — 2024)
| Component | Amount/Detail |
|---|---|
| Annual cash retainer (independent directors) | $100,000; option to elect restricted stock in lieu; Chairman retainer $150,000 |
| Committee chair fees | Audit Chair: $25,000; Compensation/G&S/Insurance Chairs: $20,000; paid quarterly |
| Annual equity grant | $140,000 restricted stock; 2,701 shares granted March 5, 2024; vests on first anniversary, service-based |
| 2024 fees earned in cash — Murphy | $62,500 |
| 2024 stock awards — Murphy (grant-date fair value) | $264,392 (includes equity retainer plus restricted stock in lieu of portion of cash retainer) |
| 2024 total — Murphy | $326,892 |
| Restricted stock outstanding (12/31/2024) — Murphy | 5,111 shares |
Notes: Murphy elected to receive a portion of 2024 cash compensation in shares of restricted stock .
Performance Compensation
- Non-employee directors receive time-based restricted stock; no PSUs/options or director-specific performance metrics disclosed for Murphy .
- Company-wide executive incentive metrics (context): Operational/financial performance relative to peers (25%), EPS (25%), relative TSR (20% for CEO/CFO/COO), and strategic objectives (30% or 50% for GC) .
| 2024 Executive AIP Metric | Structure/Weight |
|---|---|
| Operational & Financial Performance (Revenue Growth, Homebuilding Gross Margin, ROA) | Relative to peer group; 25% of opportunity; linear payout; up to 50% may be paid in equity |
| EPS (absolute) | Threshold/Target/Maximum: $5.50/$6.68/$7.20; 25% of opportunity; achieved $8.45 (max) |
| Relative TSR | Against peer group and S&P 500; 20% of opportunity for CEO/CFO/COO; achieved 200% across 1-, 3-, 5-year windows |
| Strategic Objectives | Role-specific; 30% (CEO/CFO/COO) / 50% (GC); linear payout |
Other Directorships & Interlocks
| Company | Overlap/Interlock | Risk Commentary |
|---|---|---|
| Gold Resource Corporation | None disclosed with GRBK suppliers/customers | External public board service contributes governance experience; within GRBK audit-committee charter limit (no more than two other audit committees) |
| Dundee Corporation | Prior board/audit committee service | Current role is CFO; no related-party transactions with GRBK disclosed |
Compensation Committee Interlocks: None; no cross-service with GRBK executives on other entities’ boards or compensation committees .
Expertise & Qualifications
- Financial reporting, accounting, capital markets, and risk assessment expertise; designated audit committee financial expert .
- Sustainability governance exposure (Gold Resource committees; SD Strategies Group) .
- Credentials: CFA, CPA; BA (NYU) .
Equity Ownership
| Holder | Beneficial Ownership (shares) | % of Outstanding | Shares Outstanding (as of 4/14/2025) | Notes |
|---|---|---|---|---|
| Lila Manassa Murphy | 18,583 | <1% | 44,112,612 | Address: c/o GRBK HQ; beneficial ownership defined per SEC rules |
| Restricted Stock Outstanding (12/31/2024) | 5,111 (unvested RSA) | — | — | RSAs vest on first anniversary of grant; service-based |
Policies:
- Stock ownership guideline: Directors must hold 5x annual cash retainer; five years to comply; 100% net shares retained until guideline met .
- Anti-hedging and anti-pledging: Hedging and pledging by directors prohibited; exceptions only for 10%+ beneficial owners subject to Board approval (not applicable to directors) .
Section 16(a): Company reports all required filings for 2024 were timely .
Governance Assessment
- Board effectiveness: Murphy strengthens financial oversight as Audit Chair, designated “financial expert,” with committee remit including cybersecurity risk oversight — supportive for investor confidence .
- Independence and attendance: Board designated her independent; directors met/executive sessions held; at least 75% attendance threshold met across directors in 2024 .
- Pay and alignment: Director pay mix emphasizes equity via annual RSA and optional stock election of retainer; subject to robust 5x retainer ownership guideline and anti-hedging/pledging policies .
- Compensation governance: Compensation Committee independence affirmed; consultants Pearl Meyer and FW Cook engaged and assessed independent/no conflicts; no interlocks .
- Potential conflicts/red flags: No related-party transactions involving Murphy disclosed; audit charter limits on outside audit committees observed (none of Audit members serve on >2 other audit committees); anti-pledging rules reduce alignment risk .
- Shareholder signals: Prior say-on-pay approval at 98% (2023), triennial frequency — supportive of compensation program credibility .