Most compensation committees finalized executive compensation plans, targets, and awards at the end of February, never expecting that COVID-19 would come next. Now boards are left to navigate a crisis environment with a very unpredictable future.
In this episode of Inside America’s Boardrooms brought to you by Diligent, Meridian Partner Bob Romanchek speaks with TK Kerstetter and offers guidance for boards reevaluating executive compensation during Coronavirus times:
- What compensation issues are top of mind for boards right now?
- What should the compensation committee do with respect to setting new targets?
- How should boards be thinking about documentation and disclosures?