Boardroom INSIDER for…FEBRUARY
BOARD COMPENSATION COMMITTEES IN THE PROXY SEASON HOT SEAT
With huge CEO compensation, gender pay equity and exec/average worker pay ratios hot business news topics this proxy season, attention is turning to the corporate board compensation committees who must answer to shareholders.
The February issue of online monthly Boardroom INSIDER offers a special feature of articles on how board comp committees are evolving to meet these demands, and their new role in overall company pay policy. “Comp committees are expanding their ambit to topics far beyond executive paysetting,” writes BI editor and business speaker Ralph Ward.
New concerns include – overall company succession planning and talent development – hiring decisions below the C-suite level – talent retention and turnover numbers – CEO/median pay ratios – pay and promotion equity, especially when it comes to diversity.
On the later, Ward writes “today, if the comp committee sees a female candidate getting a smaller pay increase, they’ll call it out.” Committee names are changing to meet the new demands, with “succession planning” and “human resources” among the revised handles.
Other articles in the February issue include:
- Why corporate boards still seek “generalist” members (and not specialists).
- Proxy “summaries” are a hot annual report trend – here’s how to do it right.
- Q&A: How can a lone investor shake up a board from the inside?
Ralph Ward’s latest book, Board Seeker: Your Guidebook and Career Map into the Corporate Boardroom (Business Expert Press) gathers 20 years’ experience in board counseling and research to give “board wannabes” the steps and insights needed to craft a successful board search campaign.
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— Here’s why you have more “board experience” than you think (and why your current resume hides it).
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— Finding your board search mentors and networks.
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