CHRO GUIDE: The Expanded Role of the Compensation Committee

Useful to new and experienced CHROs alike, this Guide is a collection of insights and tips on expanding the charter of the Compensation Committee. Based on interviews of 24 Compensation Chairs, CHROs, and Compensation Consultants, the Guide represents the experiences, learnings, and advice on managing the charter, calendar, agenda, external resources, and education of the Committee. 

A collection of insights and tips on expanding the 
charter of the Compensation Committee

This guide is based on interviews conducted by the Center On Executive Compensation of 24 Compensation Committee Chairs, CHROs, and Compensation Consultants of large companies across multiple sectors regarding their experiences, learnings and advice on expanding the charter of the Compensation Committee. We hope the Guide will be useful to new and experienced CHROs alike as a collection of insights and tips for managing the charter, calendar, agenda, external resources, and education of the Committee. 

READ THE FULL GUIDE

It contains a summary of chief learnings from our interviews regarding the factors driving the change, primary changes to the Committee’s makeup, agenda, and charter, new expectations for directors, and the benefits and challenges associated with an expanded Committee. As we learned during the interview process, each company is unique in how it approaches the evolving Compensation Committee remit. Throughout the document, we have provided the prevailing practices based on our interviews, plus a number of trend-forward or “best practices” that may not have hit the mainstream, but that work well for the companies using them.