Archive

Dropping Golden Parachutes Among Pay-Reform Recommendations

By Staff Report

Sep. 22, 2009

The elimination of golden parachutes and overly generous severance packages for top corporate executives were among executive-compensation reform recommendations made recently by the task force on executive compensation of the Conference Board, a business membership and research association.


The recommendations also include:


• Creating a link between pay and performance


• Demonstrating board oversight of executive compensation


• Maintaining transparency with respect to compensation


“Shareholders of American companies and the public deserve to see executive- compensation programs that serve shareholders’ interests and are explained to shareholders in thoughtful dialogue. Implementing the compensation principles we recommend is an important step in restoring the damaged trust in American companies,” Robert E. Denham and Rajiv L. Gupta, task force co-chairs, said in a news release.


“At the same time, we believe compensation committees and boards must be free to develop compensation programs that reflect their shareholders’ interests and fit their companies’ business objectives.”


The full report on the recommendations can be found at http://www.conference-board.org/ectf


Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.

What’s New at Workforce.com?

blog workforce

Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.

Book a call
See the software

Related Articles

workforce blog

Staffing Management

Managing employee time-off requests: A guide for business owners

Summary Vacation, sick time, PTO banks, and unpaid leave are only a few forms of employee time off — Mo...

workforce blog

Technology

Labor analytics: A how-to guide for company leadership

Make sure to start small, clean your data, use data from a variety of sources and use desired business ...

data analytics, employee data, HR Tech, people analytics, talent management

workforce blog

Technology

Why tattleware isn’t the solution for underperforming teams

If your employees can take their smartphones out of their pockets to circumvent your efforts, how can y...

employee monitoring, HR technology, tattleware