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, Bob Romanchek, Partner & Senior Consultant, Meridian Compensation Partners, 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?