Why Today’s Compensation Committees Must Have Thick Skin
May 4, 2016
Phoebe Wood, Director (Leggett-Platt, Invesco, Pioneer Natural Resources, Coca-Cola Enterprises), joins host TK Kerstetter of “Inside America’s Boardrooms” to discuss… Why Today’s Compensation Committees Must Have Thick Skin.
Board Governance Best Practices | Episode Summary
There was a time when new directors consciously avoided serving on the audit committee because of the work involved and the heightened focus from the outside. Skip ahead to today, and you’ll hear that many directors now feel the same way about the compensation committee. With the advent of mandates through Dodd-Frank, SEC actions, Say on Pay, and now the pay ratio, compensation committee members clearly have their hands full.
Phoebe Wood, independent board member of four boards (and compensation committee member on several), takes a look at how increased regulations and transparency have changed the culture of the compensation committee and encouraged shareholder engagement. Wood also shares her thoughts on the biggest challenges facing compensation committees in the future.
The filming of this episode of Inside America’s Boardrooms was made possible by our knowledge partners. Don’t miss our Knowledge Partner Resources.
More Shows on Board Governance:
- Compensation Committee Best Practices: Pay Increases & Goal-Setting
- The Biggest Risks Facing Today’s Compensation Committees
- A Roadmap to Compensation Chair Succession & Transition
Tags: BlackRock, board compensation, board governance, compensation committees, executive compensation, institutional investors, nasdaq, say on pay, topic-board-gov, topic-board-lead, topic-cc, topic-engage, Vanguard