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May 2009
By Lisa Slipp and Paul Hooper The role of the Human Resources and Compensation Committee is changing and becoming much broader than its core responsibilities of overseeing executive pay, incentive plans and succession planning. Issues of executive talent, performance and future leadership are top priorities for companies today, which is why Committees are focusing on the acquisition, development and retention of skilled, knowledgeable and experienced executives. 20 Questions Directors Should Ask about the Role of the Human Resources and Compensation Committee suggests ways in which the Committee can fulfill its oversight responsibilities in a proactive way in light of the changing executive pay and HR environment. By paying close attention to its priorities as well as its fiduciary responsibility to the company, the Committee will be best able to discharge its duties on behalf of the board, increase its value to the company, and contribute to the success of the overall business. Purchase a hard copy Download a soft copy |
