This report presents a set of best practices developed by The Working Group on Executive Compensation Consulting to guide corporate managements and compensation committees in their use of executive compensation consultants.
Executive Compensation Consulting: A Research Working Group Report on Best Practices
Executive Compensation Consulting: A Research Working Group Report on Best Practices
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The Working Group on Executive Compensation Consulting was formed by The Conference Board during a time of highly-publicized criticisms of executive pay practices. Composed of executive compensation consultants and corporate human resources executives, this group set out to develop a set of best practices to guide corporate managements and compensation committees in their use of executive compensation consultants.
Topics covered:
- Preamble
- The Best Practices
- Role of Consultants
- Role of the Compensation Committee
- Role of Management
- Standards for Using Consultants
- Standards Required of Consultants
- Conclusion
Special features – Appendices:
- Guidelines for Hiring and Evaluating a Consultant
- Checklist of Best Practices
- Dissenting Opinion
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