Compensation Committee Chair Advisory Council: COVID-19 Implications
In brief: As the impact of COVID-19 continues to grow, the ability of the company’s compensation committee to appropriately reward and incentivize talent around a highly volatile stock market and uncertain economic conditions is key to successfully navigating through the crisis. NACD, along with Farient Advisors LLC and Weil, Gotshal & Manges LLP, recently convened a group of 50 Fortune 500 compensation committee chairs for NACD’s Compensation Committee Chair Advisory Council meeting to discuss the challenges the committee is facing.
This resource can help your board to
- determine what fundamental principles should remain top of mind for the compensation committee,
- consider what tools are most important to the compensation committee during the crisis, and
- understand the importance of demonstrating leadership and supporting culture while navigating through the crisis.
Most relevant audiences: compensation committee chairs, compensation committee members, and lead directors