Reevaluating Short- and Long-Term Incentive Plans During a Crisis
May 14, 2020
2-3 p.m. (EST)
For the past two months, boards and management teams have been working diligently to understand the business impact of COVID-19 and react accordingly. The items they are focused on are core to the business, including ensuring the safety of their employees and financial viability. Compensation-related actions for those severely impacted have largely focused on cost reductions. Next up for all compensation committees is likely an evaluation of the current incentive structures in place to understand whether they align to these new realities.
To that end, NACD and Pearl Meyer have developed a webinar to share ideas and data related to evaluating change in short- or long-term incentive structures, including:
- Basis for change
- Viable alternatives
- Evaluation criteria
- Potential implications
We hope that this session will provide practical advice and tools to allow compensation committees and management to discuss and come to agreement on this important topic.