The Role of the Board in Turbulent Times: Overseeing Risk Management and Executive Compensation
How can corporate directors be proactive about closing the gaps in existing risk management solutions and address the broken link between pay and performance that has precipitated the current critical economic climate? This report provides practical actions that can be followed to help ensure that even in this turbulent economic environment, board members fully meet their fiduciary responsibilities towards all shareholders. Boards of directors set the compensation of senior executive officers. In performing their duties, directors should be mindful of their responsibility to create sustainable, long-term wealth for all shareholders.