The Evolving Relationship Between Compensation Committees and Consultants
This report brings together information developed by The Conference Board Commission on Public Trust and Private Enterprise, as well as by various Conference Board working groups examining this information in light of legal precedent and recent developments in case law.
Furthermore, this report deals in-depth with directors’ fiduciary duties to preclude conflicts of interest or other impediments to advisor independence. This report focuses on threshold issues that a board must address when deciding whether one or two consultants is appropriate. It also addresses the need for oversight and monitoring if the committee’s consultants are to perform other work for the company.