Executive pay is a popular topic for regulators and a controversial one among the general public, so plenty of corporate boards are treading carefully around the issue. The National Association of Corporate Directors released a report that shows how trends toward performance-based pay and increased disclosure are impacting the work of the group at the heart of executive pay discussions: the board’s compensation committee.
According to the “NACD Blue Ribbon Commission Report on the Compensation Committee,” helping the company decide how much to pay its top employees presents particular challenges. The compensation committee, along with the rest of the board and its corporate secretary, will have to work in a thoughtful manner to put together compensation plans that can withstand investor scrutiny, including Dodd-Frank Act-mandated “say on pay” votes.
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