Page 631 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

616 The Complete Guide to Executive Compensation

1. What is the issue?
2. What is the background?
• Company and industry performance
• Economic indicators
• Pay actions
3. What has and is likely to happen?
• FASB/IRS/SEC
• Possible legislation
• Industry association
4. What is our response?
• Initiate debate or wait to respond?
• Script or bullet point?
• Internal or external use?
5. Who are our spokespersons?
• CEO?
• Executive compensation committee chair?
• Chief legal officer?
• Chief financial officer?
• Chief human resource officer?
• Chief public relations officer?
6. Who is our audience?
• Business press?
• General-interest press?
• Shareholders?
• Professional shareholder groups?
• Third-party commentators?
• Our executives?
• Our other employees?
Table 10-15. Issue management outline

A. Minutes from Last Meeting
B. Standing Reports
1. Organization changes
2. Stock option exercise/stock sales of insiders
C. Special Reports
D. Response to Committee Requests
E. Management Requests
F. Date and Agenda for Next Meeting

Table 10-16. Sample compensation committee agenda