Unpredictability has dominated the economic climate over the last six months and likely will continue in the months ahead. Companies that swiftly and thoughtfully assess and respond to evolving challenges will most effectively manage through the pandemic. This theme applies with equal force when it comes to executive compensation. The volatility of the business cycle challenges compensation committees to proactively assess compensation programs and to pivot, fine-tune or stay the course, as events warrant.
Assessing 2020 Performance. Director discretion will be as important as ever when it comes to assessing and rewarding 2020 performance. If a company’s preset financial … Read more