Implications of CEO Assassination on Executive and Employee Security
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CEO & Executive Compensation

Implications of CEO Assassination on Executive and Employee Security

13 December 2024 / Essay

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The murder of Brian Thompson, CEO of UnitedHealthcare, on December 4 in Manhattan has underscored the urgent need for boards and compensation committees to prioritize company executive and employee security programs. Security is a critical component of total compensation, essential for safeguarding personnel. This essay considers how this event is likely to stimulate a heightened focus on expanding executive and employee security measures, balancing practical considerations with liability cost management, operational continuity, and corporate culture.

Key Insights

  • Within the bounds of reasonableness, employers have an ethical and legal duty of care to protect employees while they are at work or traveling on business.
  • Senior leaders and the board should develop a company philosophy for executive and employee security management that aligns with company vision, mission, and values, akin to a compensation philosophy.
  • Decision-makers require approved resources and data to assess the degree and type of risk to executives and employees. This proves critical in determining the level of expenditure warranted for risk mitigation actions such as security details, private transport, and facility security systems.

More on this topic from The Conference Board:

  • Rising Risks, Rising Costs: US Public Companies Spending More on CEO Security

The murder of Brian Thompson, CEO of UnitedHealthcare, on December 4 in Manhattan has underscored the urgent need for boards and compensation committees to prioritize company executive and employee security programs. Security is a critical component of total compensation, essential for safeguarding personnel. This essay considers how this event is likely to stimulate a heightened focus on expanding executive and employee security measures, balancing practical considerations with liability cost management, operational continuity, and corporate culture.

Key Insights

  • Within the bounds of reasonableness, employers have an ethical and legal duty of care to protect employees while they are at work or traveling on business.
  • Senior leaders and the board should develop a company philosophy for executive and employee security management that aligns with company vision, mission, and values, akin to a compensation philosophy.
  • Decision-makers require approved resources and data to assess the degree and type of risk to executives and employees. This proves critical in determining the level of expenditure warranted for risk mitigation actions such as security details, private transport, and facility security systems.

More on this topic from The Conference Board:

  • Rising Risks, Rising Costs: US Public Companies Spending More on CEO Security

Authors

Jo Anne Rioli Moeller

Jo Anne Rioli Moeller Jo Anne Rioli Moeller

Senior Fellow, Human Capital
The Conference Board

Read Bio

Rita Meyerson, EdD

Rita Meyerson, EdD Rita Meyerson, EdD

Principal Researcher, Human Capital
The Conference Board

Read Bio

Allan Schweyer

Allan Schweyer Allan Schweyer

Principal Researcher, Human Capital
The Conference Board

Read Bio

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