TITLE

Best Practices for Board Compensation Committees

AUTHOR(S)
Haeger, Sharon A.
PUB. DATE
August 2007
SOURCE
Community Banker;Aug2007, Vol. 16 Issue 8, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses best practices for board compensation committees. The first best practice for compensation committees is for the members to be independent from the executives for which they set compensation. As with other important board functions, the committee should not conduct its business by relying solely on written consent or telephone conference meetings. The board should develop a compensation policy and principles to guide the committee in its decision-making processes.
ACCESSION #
26051154

 

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