When you want to understand whether the CEO runs the board or the board oversees the CEO, a good place to start is to look at the work of the Compensation committee. Compensation committees so impact how companies are run that NYSE and NASDAQ listing standards require that Compensation Committees be comprised only of independent board members.
A new study released by the IRRC Institute provides a report card on some of the activities of compensation committees with insights into how well the committees are doing their job and who’s really running the show.
No Responses to “Compensation committees: cover for high CEO pay?”
Trackbacks/Pingbacks