What You Can Expect
Develop a Strategic Role for Your Compensation Committee
Today's corporate governance environment places a spotlight on compensation committees due to a competitive and global labor market for senior executives, complex businesses that need talented business leaders, stricter regulations on pay in many parts of the world, and heightened investor vigilance. As a result, compensation committees must balance the often-competing tasks of identifying talent needs, attracting and retaining key executives, adhering to new governmental rules, and navigating public sentiment.
Designed for board members and senior executives who participate in compensation planning, this program examines the characteristics of a well-functioning compensation committee and the close relationship among compensation plans, employee motivation, and long-term value creation. The program will help you determine how best to promote strategic success in your company through well-developed compensation and reward systems. These include not only designing better incentive schemes, but also understanding subjective and objective performance measurement systems, the role of culture, talent management, and succession planning. As a participant, you will learn how to adapt your compensation strategy's structure and process to better reflect market demands.
Develop New Frameworks to Improve the Effectiveness of Your Compensation Committee
The program focuses on the design of compensation plans and the process that compensation committees should use to develop practices that link the rewards for executive performance to company goals. Through analysis of real-world situations, you will learn how to:
- Design compensation plans that best fit your business strategy
- Compare and contrast the merits of alternative compensation plans
- Apply relevant methodologies and metrics to evaluate CEO performance
- Ensure that the compensation structure promotes the desired corporate culture
- Assess the risks that can be created by certain incentive structures
- Develop better tools for benchmarking performance and compensation
- Determine the appropriate peer group for evaluating performance
- Identify the risks of cookie-cutter solutions and external ratings systems
- Gain investor buy-in on compensation plans
- Craft a best-in-class compensation discussion and analysis (CD&A) report
- Get the best from your board's compensation consultant
- Investigate current regulatory issues such as "say on pay"
- Explore the latest hot button issues and trends in executive compensation
- Examine the best practices in director compensation