Florida department business professional regulation

A Compensation Committee Checklist

Description:

The Compensation Committee is appointed by and serves in an advisory role to a company’s Board of Directors. It makes the important final decisions on many executive compensation matters, including the types and particulars of the pay plans themselves, the amount of compensation, and even the performance measures and specific targets upon which the executives will be judged for purposes of calculating incentive awards.

Content:

The Compensation Committee is appointed by and serves in an advisory role to a company’s Board of Directors. It makes the important final decisions on many executive compensation matters, including the types and particulars of the pay plans themselves, the amount of compensation, and even the performance measures and specific targets upon which the executives will be judged for purposes of calculating incentive awards. The following are the primary duties and responsibilities typically assigned to the Compensation Committee by the Board:

· Develop the compensation philosophy for the company and ensure that it is consistent with the company’s business strategy, mission and culture.

· Approve any compensation plans in which Officers and Directors are eligible to participate, subject to the review of the full Board and shareholders, as appropriate.

· Recommend, provide oversight and approve awards of stock options and other equity, perquisites and other benefits, and employment and change of control contracts, subject to Board and shareholder approval, as required.

· Act as liaison between the CEO and Board on all compensation and human resource issues.

· Recommend and/or approve the CEO’s compensation to the Board, as well as the compensation for his/her direct reports as a whole.

· Recommend the compensation package for Board members, subject to approval by the entire Board.

· Recommend performance criteria and specific annual and long-term performance targets for salary increases and/or awards under the various executive compensation programs.

· Review company’s performance in relationship to established targets and to peers, as appropriate.

· Approve the company’s overall compensation budget and plan concepts. However, it is inappropriate for the Compensation Committee to become involved with the specifics of compensation design or planning covering non-officer personnel, unless they carry over from the executive plans, or require Board or shareholder approval.

The Committee can and must provide the meaningful oversight within the organization, by providing a “check and balance” on compensation matters, to ensure that the compensation paid is competitive and appropriate given the level of performance attained, and that such plans are consistent with the organization’s strategy and business plan.

The Committee must also provide the transparency required in today’s more open and highly legislated business environment; furthermore, it must ensure that compensation matters are conducted in a completely ethical and highly professional manner.

Author: Paul R. Dorf, Ph.D., APD

About Author:

Paul R. Dorf is the Managing Director of Compensation Resources, Inc. He is responsible for directing consulting services in all areas of executive compensation, short and long-term incentives, sales compensation, performance management systems, and pay-for-performance salary administration. He has over 40 years of Human Resource and Compensation experience and has held various executive positions with a number of large corporate organizations. He also has over 20 years of direct consulting experience as head of the Executive Compensation Consulting Practices for major accounting and actuarial/benefit consulting firms, including KPMG, Deloitte Touche Tohmatsu (formerly Touche Ross), and Kwasha Lipton.

---

Random related phrase:

florida department business professional regulation

Misspelled random related phrase:

fflorida department business professional regulation, lorida department business professional regulation, fllorida department business professional regulation, forida department business professional regulation, floorida department business professional regulation, flrida department business professional regulation, florrida department business professional regulation, floida department business professional regulation, floriida department business professional regulation, florda department business professional regulation, floridda department business professional regulation, floria department business professional regulation, floridaa department business professional regulation, florid department business professional regulation, florida department business professional regulation, floridadepartment business professional regulation, florida ddepartment business professional regulation, florida epartment business professional regulation, florida deepartment business professional regulation, florida dpartment business professional regulation, florida deppartment business professional regulation, florida deartment business professional regulation, florida depaartment business professional regulation, florida deprtment business professional regulation, florida deparrtment business professional regulation, florida depatment business professional regulation, florida departtment business professional regulation, florida deparment business professional regulation, florida departmment business professional regulation, florida departent business professional regulation, florida departmeent business professional regulation, florida departmnt business professional regulation, florida departmennt business professional regulation, florida departmet business professional regulation, florida departmentt business professional regulation, florida departmen business professional regulation, florida department business professional regulation, florida departmentbusiness professional regulation, florida department bbusiness professional regulation, florida department usiness professional regulation, florida department buusiness professional regulation, florida department bsiness professional regulation, florida department bussiness professional regulation, florida department buiness professional regulation, florida department busiiness professional regulation, florida department busness professional regulation, florida department businness professional regulation, florida department busiess professional regulation, florida department busineess professional regulation, florida department businss professional regulation, florida department businesss professional regulation, florida department busines professional regulation, florida department businesss professional regulation, florida department busines professional regulation, florida department business professional regulation, florida department businessprofessional regulation, florida department business pprofessional regulation, florida department business rofessional regulation, florida department business prrofessional regulation, florida department business pofessional regulation, florida department business proofessional regulation, florida department business prfessional regulation, florida department business proffessional regulation, florida department business proessional regulation, florida department business profeessional regulation, florida department business profssional regulation, florida department business professsional regulation, florida department business profesional regulation, florida department business professsional regulation, florida department business profesional regulation, florida department business professiional regulation, florida department business professonal regulation, florida department business professioonal regulation, florida department business professinal regulation, florida department business professionnal regulation, florida department business professioal regulation, florida department business professionaal regulation, florida department business professionl regulation, florida department business professionall regulation, florida department business professiona regulation, florida department business professional regulation, florida department business professionalregulation, florida department business professional rregulation, florida department business professional egulation, florida department business professional reegulation, florida department business professional rgulation, florida department business professional reggulation, florida department business professional reulation, florida department business professional reguulation, florida department business professional reglation, florida department business professional regullation, florida department business professional reguation, florida department business professional regulaation, florida department business professional regultion, florida department business professional regulattion, florida department business professional regulaion, florida department business professional regulatiion, florida department business professional regulaton, florida department business professional regulatioon, florida department business professional regulatin, florida department business professional regulationn, florida department business professional regulatio