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Are Your Board Compensation Practices Keeping Pace?
The compensation committee is tasked with various responsibilities ranging from selecting talent and overseeing executive pay to supporting leadership development.
Effective, long-term retention of your hard-won top talent necessitates a multiplicity of interconnected actions (ideally, starting at the hiring stage) that support your executive retention plans. The level of strategic and operational disruption—and often significant dollar amounts—associated with executive turnover is high.
Compensation committees are already doing a number of these important things: setting competitive pay, aligning incentive programs to the organization’s business strategy, and providing constructive feedback to the CEO. However, thinking more broadly about how executive compensation and leadership development programs can work together may offer a new, more robust approach to retention. A well-rounded philosophy that incorporates both compensating and developing your leaders may be a novel strategic differentiator and may be more economical in the long run.
In this webinar, brought to you by Pearl Meyer and NACD, our speakers will examine a flow from hire to promotion that will illustrate the power of holistically designing and implementing your pay and talent management programs.
Unlocking the Benefits of a Diverse Board of Directors (Pearl Meyer)
Compensation Committee (NACD)