It’s been an unprecedented year for everyone, compensation committees included. At the onset of COVID-19, the popular advice for adjusting annual bonus pay was to “wait and see.” Now several weeks in, some companies have begun restructuring bonuses. What actions are they taking?
In this episode, Chris Havey, Partner & Lead Consultant with Meridian Compensation Partners, explains what he’s witnessing across corporate boardrooms right now:
- What actions is Havey seeing when it comes to restructuring 2020 bonus plans?
- How should boards balance the interest of shareholders and stakeholders in these decisions?
- What role will discretion play as compensation committees restructure bonus plans?