Joann Harris
TPGAbout Joann Harris
Joann Harris is TPG’s Chief Compliance Officer and a Partner, with 10 years at the firm since joining in 2015; she previously served as an Assistant Director at the SEC (2003–2015), is a certified public accountant, and holds a B.S. in Accounting (University of Arkansas) and a J.D. from SMU Dedman School of Law . She reports to the General Counsel and provides regular board-level risk briefings, underscoring her role in firm-wide risk oversight . Company performance during her tenure shows revenue increasing from FY2023 to FY2024, alongside higher EBITDA, reflecting operating scale in a period of significant growth .
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($USD) | $1,246,635,000 | $1,534,626,000 | $2,087,076,000 |
| EBITDA ($USD) | $116,006,000* | $113,362,000* | $144,656,000* |
Values with asterisks retrieved from S&P Global.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| TPG | Chief Compliance Officer; Partner | 2015–Present | Leads compliance program; elevates risk management with direct reporting to board via GC |
| U.S. SEC | Assistant Director; Asset Management Unit member | 2003–2015 | Supervised investigations across financial fraud, insider trading, market manipulation; deep asset manager oversight expertise |
| Private Practice | Corporate Attorney | Not disclosed | Corporate law experience supporting regulatory interpretive strength |
| Audit Profession | Certified Public Accountant; Auditor | Not disclosed | Financial reporting and controls grounding; complements compliance leadership |
External Roles
- No external board or public company directorships disclosed for Harris in the proxy materials .
Fixed Compensation
- Specific base salary, target bonus, and cash compensation details for Harris are not itemized in TPG’s proxy (NEO tables cover different executives) .
- TPG notes it does not pay discretionary cash bonuses to NEOs; broader program emphasizes equity and performance allocations, though these disclosures pertain to NEOs rather than Harris .
Performance Compensation
- No Harris-specific RSU/PSU grant amounts, option awards, or performance metric weightings are disclosed in the proxy .
- For context, TPG’s equity compensation program for executives generally utilizes multi-year service-vesting RSUs; the firm granted no stock options in 2024, and PRSUs for certain NEOs vest upon market price hurdles and service conditions (not attributed to Harris) .
Equity Ownership & Alignment
- Side-by-side capital at risk and distributions (alignment and liquidity):
| Item | FY 2023 | FY 2024 |
|---|---|---|
| Amount invested alongside TPG funds ($USD) | $617,098 | $733,320 |
| Amount received from side-by-side investments and vehicles ($USD) | $226,725 | $536,284 |
- Hedging and pledging policy: TPG prohibits hedging and pledging of Company securities by employees and executive officers without prior approval; TPG Partner Units have separate restrictions until exchanged into Class A shares .
- Security ownership table in the proxy presents individual holdings for NEOs/directors and group totals; Harris is not individually listed in those ownership rows (beneficial ownership details for her are not disclosed) .
- Independent director share retention policy requires they retain 25% of RSUs and other shares for two years post-vesting (policy applies to directors, not executives) .
Employment Terms
- Employment start: Joined TPG in 2015; currently Chief Compliance Officer and Partner .
- Reporting line and role in governance: Reports to TPG’s General Counsel and regularly reports risk updates to the board of directors .
- Employment contract terms, severance, change-of-control provisions, non-compete/non-solicit specifics for Harris are not disclosed in the proxy .
Risk Indicators & Red Flags
- Clawback/recoupment: TPG maintains Dodd-Frank–compliant recoupment and an additional discretionary policy covering incentive compensation, with triggers including accounting restatements from material error, detrimental conduct, and material failure to supervise—directly relevant to compliance accountability .
- Section 16(a) filings: The proxy enumerates certain late Form 4s for other executives; Harris is not named among late filers for 2024/2025, indicating no reported delinquency for her .
- Equity award timing controls: TPG does not grant awards based on MNPI and follows a predetermined annual schedule; no stock options were granted in 2024 (contextual governance signal) .
Compensation Committee Analysis
- Compensation Committee independence and governance confirmed; uses external consultant (Semler Brossy) for program design and CEO/Executive Chair review; no peer benchmarking for 2024; program targeted to long-term, risk-controlled incentives (context for firm-level pay practices) .
- Korn Ferry risk review found compensation practices not reasonably likely to have a material adverse effect (firm-level risk control) .
Performance Context (Firm-Level)
- Revenue rose from $1.535B (FY2023) to $2.087B (FY2024), indicating robust top-line growth .
- EBITDA increased from $113.4M (FY2023) to $144.7M (FY2024), showing improved operating earnings capacity in the period*.
Values with asterisks retrieved from S&P Global.
Investment Implications
- Alignment: Harris’s meaningful side-by-side capital commitments and received distributions demonstrate skin-in-the-game and exposure to fund performance—positive alignment with investors .
- Selling pressure: The firm’s prohibitions on hedging/pledging without approval and transfer restrictions reduce near-term forced-selling or leverage-induced pressure on insider holdings; lack of option grants in 2024 further limits option-related selling dynamics .
- Retention risk: A decade-long tenure, Partner status, and central role in board-facing risk oversight indicate high institutional embeddedness; however, absence of disclosed individual equity award schedules makes precision on vesting-related retention levers for Harris unavailable .
- Governance and clawbacks: Broader recoupment triggers (including failure to supervise) increase accountability, which in turn supports confidence in compliance rigor—relevant for trading around governance events and regulatory cycles .
- Monitoring: Since individual compensation and ownership details are not itemized for Harris in the proxy, ongoing Form 4 monitoring remains essential for detecting RSU vesting, net share settlements, or discretionary sales that could signal changes in liquidity needs or risk posture (proxy notes late filings for other executives, not Harris) .