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March 2011
By Elizabeth Greville, LL.B. and David Crawford, CFA Compensation committees are coming under growing scrutiny because of increasing shareholder engagement, exhaustive pay disclosures, and the significant regulatory and public attention now being given to executive pay. For that reason, the Risk Oversight and Governance Board (ROGB) of the Canadian Institute of Chartered Accountants (CICA) commissioned this document, which is a Second Edition of a document originally issued in 2003. It has been substantially revised to reflect the changing environment in which boards of directors, and compensation committees in particular, find themselves operating. This publication aims to suggest questions for directors to ask as they review executive compensation, and also give them a basis for critically assessing the information they receive from management and external advisors. The document provides an in-depth analysis of the elements and issues involved in the design and review of a compensation program, and then provides suggested questions for directors to ask. Purchase a hard copy Download a soft copy |
