While we acknowledge that executive com- pensation is a factor in corporate “short termism,” what if the amount of pay is not the problem we think it is? Could it be that the subtleties of compensation design today push executives to take a “get rich and get out” approach—including some pay reforms that we hoped would encourage a long-term focus.

As American boardrooms have strengthened the status of lead directors (and, increasingly, split the roles of CEO and chairman), this board leadership evolution has driven many governance changes. One question remains unresolved: How should we set the pay for an independent chairman, a lead director, or executive chairman?

Upcoming Events See All

May 27, 2021

Navigating Pay for Performance During a Pandemic

Webinar

2020 was a challenging year for banks. The impact of COVID on the economy as well as changes to accounting for loan loss provisions…
  • Kelly Malafis
  • Shaun Bisman

Jul 22, 2021

Human Capital and Compensation Oversight

Webinar

Partner Bertha Masuda will lead a discussion with three seasoned Board Directors on Human Capital and Compensation Oversight as part of the NACD Private…
  • Bertha Masuda