Insights
Lauren Spencer
Consultant, Los Angeles, CA
Jin Fu
Managing Director, Los Angeles, CA
5 Tips for an Effective Compensation Committee Meeting
By Lauren Spencer, Jin Fu
Authored by FW Cook’s Lauren Spencer and Jin Fu for Pave.
Compensation committees play a critical role in shaping executive pay programs and aligning them with company strategy, performance, and shareholder expectations. Establishing a compensation committee commonly occurs in tandem with plans to become a public company, but mature private companies may consider forming a committee if the Board meets regularly to provide input on formal compensation decisions. Delegating compensation-related tasks to a dedicated committee helps create efficiency to compensation processes, regardless of whether a company is private or public.
Thoughtful planning, structured discussions, and defined governance practices are all important to successful committee meetings. How can you better ensure committee meetings are efficient, productive and effective? Here are five practical tips.
Lauren Spencer
Consultant
Lauren Spencer consults on executive and board compensation, with a primary focus on market research for clients across a range of industries and growth stages. Her work spans total compensation design, peer group analysis, incentive program development, corporate governance, and pay-for-performance evaluations.
Jin Fu
Managing Director
Jin Fu consults across a diverse range of industries and stages of growth, from pre-IPO to S&P 500 companies. She has experience on all aspects of executive compensation strategy and design, including short- and long-term incentive plans, equity compensation, corporate governance, and corporate transactions, including preparation for initial public offerings.