Board Advisory Services
Because of our role as trusted advisors to boards of directors on executive compensation, we have developed a great deal of expertise and knowledge about effective — and ineffective — corporate governance. We are retained by boards and compensation committees to advise them on:
- Best practices for compensation committees
- Exercising and demonstrating the legal standards of “good business judgment” and “reasonableness”
- Defining appropriate decision rights for the board, the committee and management
- Adopting and following a well defined annual calendar for decision making and oversight
- Preparing and reviewing annual proxy disclosure materials, including the Compensation Discussion and Analysis (CD&A)
- Getting the right data from management and consultants
- Making well informed decisions
- Defining and following a clear and appropriate compensation philosophy
- Defining and following principles and guidelines for exercising judgment in difficult situations and dealing with unexpected events
We provide these services either on a project basis or as part of an annual retainer. In either case, we report directly — and solely — to the board of directors.
