Eyes on Governance: Building better boards to deal with compensation issues

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Today’s human resource and compensation committees (HRCC) must take ownership of and accountability for how a company’s executive compensation programs and policies work. After all, HRCCs need to be able to defend their compensation proposals to the entire board. Yet, according to a recent PwC/Institute of Corporate Directors study of Canadian directors, boards struggle to find people with strong general business experience and sufficient fluency in HR strategy.

How can HRCCs defend decisions without a solid understanding of HR best practices and terminology? The article below provides steps they can take to determine appropriate pay packages and resources to develop compensation literacy.

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