Hollinger's compensation committee has two members, Thompson and Burt, and it met just once last year.
This shows that there is some rigor to the decisions made by Disney's compensation committee.
Moreover, if backdating occurs without the compensation committee's knowledge, illegal insider trading may also have occurred.
The compensation committee should consist entirely of outside directors who are truly independent of the CEO.
What do these settlements imply about the culpability of the rest of the compensation committee?
The Compensation Committee was interested in an agreement to retain Mr. Lay for a period of years.
His Compensation Committee that has approved his lavish pay packages in the face of such dismal performance.
Then, when the boss eventually goes, the board's compensation committee should grit its teeth and stand firm.
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The Compensation Committee was having its first post-IPO meeting, and not surprisingly, had more questions than answers.
Option plans, he said, "should be entrusted to a committee of independent directors, " generally a formal compensation committee.
If a compensation committee were working as it should, what would it do?
The point is that the compensation committee chair must be aware of these issues in order to ensure good decisions.
In order to rebalance power, the chair decided to hold executive sessions both before and after the compensation committee meetings.
Moreover, executives from Wall Street firms will no longer be allowed to sit on the NYSE board's six-member compensation committee.
The Act did not require the Compensation Committee to hire independent advisors, only to consider the independence of the advisors.
The subsequent sudden collapse of Enron was unanticipated by the Compensation Committee during the negotiations with Mr. Lay in August 2001.
Compensation plans granting shares of stocks or stock options should be approved by both a company's compensation committee and its shareholders.
At the request of the Compensation Committee, Towers Perrin prepared alternatives for the Compensation Committee to offer to Mr. Lay for consideration.
But the lawsuit names just one board member, Grasso buddy Kenneth Langone , a former chairman of the NYSE compensation committee.
The company's Web site says the compensation committee has five members.
Finally, the compensation committee chair needs to be a skilled political strategist.
He said a compensation committee took care of those sorts of issues.
"The compensation committee is still looking at that issue and trying to come up with what the appropriate benchmarks should be, " McCall said.
The board's compensation committee will take up oversight of management development and succession and starting in June, there will be rotating board members.
Even with the ability to withhold votes from or even vote against directors, compensation committee members are re-elected without the support of shareholders.
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The Compensation Committee has an enormously important role in shaping the design of incentives to ensure shareholders get the performance they are looking for.
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But interestingly both Mr. Gore and Mr. Quayle sit on the compensation committee and the corporate governance and nominating committee of their respective boards.
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W. Bischoff at McGraw-Hill, where he sat on the compensation committee.
Where did the compensation committee think he was going to go?
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Other board members and even compensation committee members like H.
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