Best Practices for Board Compensation Committees

Haeger, Sharon A.
August 2007
Community Banker;Aug2007, Vol. 16 Issue 8, p26
Trade Publication
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.


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