Compensation Committee Charter Tool
In brief: Compensation committee charters are required for companies listed on the New York Stock Exchange and Nasdaq. This toolkit lists the minimum compensation committee charter requirements of each exchange and describes a process for updating compensation committee charters.
Its appendices list typical compensation committee charter subject headings. The appendices also provide examples of charter language that goes beyond the exchange-mandated areas.
This resource can help your compensation committee to
- draft an initial compensation committee charter,
- update an existing compensation committee charter, and
- ensure compliance with stock exchange requirements.
Most relevant audiences: compensation committee members and chairs, general counsel, and corporate secretary