Board of Director Compensation Consulting

This is a committee within your BOD that serves a few important roles. They recommend approval of compensation for your CEO and other executives. They also make recommendations for compensation within your BOD.

Even without the current focus on ESG or regulatory requirements, board diversity is extremely important. Studies have demonstrated that companies with the most board diversity have created greater value within their organizations. Without diversity at the board level, organizations put themselves at a competitive and legal disadvantage.

The board itself, through its compensation committee, usually determines its own salary. It’s good governance to engage an independent adviser to relieve any self-dealing optics or realities.

A Compensation Discussion and Analysis (CD&A) is required by the SEC for any organization’s annual proxy statement. Among other topics, it explains the company’s compensation philosophy, outlines the compensation committee’s role in determining pay, and shows the correlation between business strategy and executive pay.

We develop compensation plans that incorporate ESG to inspire your team to do better—for the organization, your customers, and the community.  Poor ESG performance can lead to a variety of problems, including legal action and its associated costs, and sinking share prices. But beyond its financial impact on a company, focusing on ESG is simply the right thing to do. From customers to investors, today’s stakeholders are more interested than ever in policies that protect the environment, promote community, and demonstrate good leadership.