Daniel Rodda, Partner at Meridian Compensation Partners, is the featured expert on this episode of The Executive Compensation Podcast. Daniel consults with compensation committees and senior management on all aspects of executive and director compensation to develop customized programs that align with business strategies.
This episode focuses on using discretion in executive compensation plans. Daniel provides some background information on how compensation programs have been designed historically. He also explains why organizations are considering incorporating some level of discretion into their compensation strategies.
He discusses the advantages and disadvantages of using discretion, the three primary approaches to incorporating discretion into compensation plans, and strategies for using discretion effectively. This includes preparing for negative reactions from proxy advisors.