compensation committee new group

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inaln

Business Finance

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essay 1250 words 3 references

compensation committee needs revamping

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• New Members of the Compensation Committee You are Team leader of the compensation committee. You have seasoned HR professionals who have been on the compensation committee for 5 years or more. You also have some new members, not new to HR, but they haven’t served on a compensation committee before. The “newbies” have questions about their tax concern and rules for executive compensation plans and devices. They need to get on the same page with the rest of the seasoned committee members. How do you go about getting these “newbies” developed so that they can remain engaged as compensation committee team participants? The requirements below must be met for your paper to be accepted and graded: • • • • • • • Write between 1,250 – 1,750 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below. Use font size 12 and 1” margins. Include cover page and reference page. At least 80% of your paper must be original content/writing. No more than 20% of your content/information may come from references. Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement. Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style. References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
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Explanation & Answer

USE THE PAPER ATTACHED BELOW

Running Head; Executive Compensation Plans and Devices

Executive Compensation Plans and Devices
Student name
Course code and name
Instructor
Date submitted

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Executive Compensation Plans and Devices

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Executive Compensation Plans and Devices
Executive compensation varies significantly from the typical pay package for the salaried
professionals or hourly workers in the sense that the executive pay is majorly biased toward
rewards for the organizational results and performance. Intuitively, if a company performs
poorly, then the executives receive a small portion of their potential pay. Contrary, if the
company performs optimally and meets its annual objectives, the executives receive larger
payouts. Executive pay is usually structured in a way to ensure that it rewards company
performance and it aligns the executive pay with the shareholders’ value. The executive pay is at
risk since it is pegged on the general performance, as well as on the metrics that are determined
subject to the organizational standards and programs that are set and implemented by the
compensation committees.
The roles of serving in a compensation committee have increased considerably especially
with the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of
2010, and the mandated say on pay governance enhancements (Douglas & William, 2014).
Compensation committees act on behalf of the board and have the responsibility of overseeing
the executive compensation within the operational provisions and organizational standards.
These committees play different roles such as the setting of the pay rates for the senior level
management, and may also be involved in the determination of additional compensation plans
such as additional perks, profit sharing, bonuses, and stocks. The rising complexity in the
executive compensation landscape has significantly led to the rise of multiple challenges in the
operational frameworks of compensation committees requiring a constant evaluation of the
personnel and roles to ensure that the initial objectives are met effectively. Typically, a detailed

Executive Compensation Plans and Devices

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understanding of the fundamental roles of these committees as well as the best pr...


Anonymous
I was having a hard time with this subject, and this was a great help.

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