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Compensation committees are an appointed group of individuals that have corporate governance over compensation and benefit programs for executives and company officers. The committee is typically chaired by the CEO and composed of both inside management directors and outside independent directors. Their work includes determining the types of pay plans, the amount of compensation and the performance measures that the executives will be upheld to in regards to the calculation of incentives.

 

Compensation committees play a strategic role within the business by aligning company performance and executive rewards. Individuals within the committee must create a compressive program, with the aid of compensation surveys and consultants, which motivates executives to achieve the overall goals and objectives of the company within their own positions. High performance is best achieved through the implementation of a strategic merit pay program, short and long term incentive plans including stock awards, retirement, and executive perquisites.

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(Crane's Chicago Business)  Read the complete article
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(Baltimore Sun)  Read the complete article
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(Job.com)  Read the complete article
Top Stories: Healthcare
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(Becker Hospital Review)  Read the complete article
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(FOX News)  Read the complete article
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(The Hill)  Read the complete article
Top Stories: Human Resources
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(Daily Finance)  Read the complete article
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(Workforce)  Read the complete article
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(Bloomberg)  Read the complete article
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(The Tim Sackett Project)  Read the complete article
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