Around the world, organizations are addressing the issue of executive compensation, as public debate and regulatory changes fuel a new era in the governance of CEO and executive pay. Regulatory changes in the areas of disclosure, accounting, and taxation further complicate the issue, while remuneration committees face greater scrutiny and are held to higher standards regarding their independence, technical skills and alignment with shareholder interests.
By strengthening governance practices and procedures, companies will be better positioned to tackle the challenge of achieving responsible executive remuneration programs in an increasingly complex environment. The following 13 steps reflect best practices in the field:
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