Incentive compensation is a critical hot topic for CEOs, boards and compensation committees. Significant time is spent each year analyzing whether existing incentive plans achieved and/or are achieving their stated objectives. The most important of which are the incentives for high performance and long-term retention.
The process of crafting a great incentive plan requires that executive management and board compensation committees maintain some discretionary control while still working together to set clear, measurable, results-driven expectations. Typically, objectives for the incentive plan include:Continue reading >