Executive Compensation Consulting: A Research Working Group Report on Best Practices

The Working Group on Executive Compensation Consulting was formed by The Conference Board during a time of highly-publicized criticisms of executive pay practices. Composed of executive compensation consultants and corporate human resources executives, this group set out to develop a set of best practices to guide corporate managements and compensation committees in their use of executive compensation consultants.

Topics covered:

• Preamble
• The Best Practices
• Role of Consultants
• Role of the Compensation Committee
• Role of Management
• Standards for Using Consultants
• Standards Required of Consultants
• Conclusion

Special features - Appendices:

• Guidelines for Hiring and Evaluating a Consultant
• Checklist of Best Practices
• Dissenting Opinion