Skip to content

Contact Us

Hi, How can we help? Fill out the form below, and we'll find the right person to get in touch.

    Results

    December 21, 2015
    Key Insight

    Compensation Committee Calendar

    Share on LinkedIn Share on facebook Share on email Share on x-twitter

    It is good governance to establish in advance a Compensation Committee Calendar for the full year. Topics and timing should be pre-determined and agreed-upon. Following is a sample calendar. Executive sessions are presumed to take place at each meeting.

    First Quarter

    • Approve merit budgets, salary increases and other changes to pay opportunities
    • Evaluate CEO and executive performance
    • Determine appropriate payout incentives based on performance
    • Approve grants, goals and other terms of new short- and long-term incentive awards
    • Review CD&A and other executive pay-related proxy disclosures

    Second Quarter

    • Pay-for-performance analyses vs. peer companies
    • Tally sheet reviews
    • Annual compensation risk review
    • Dilution and equity incentive run rate study
    • Change-in-control severance eligibility and design review
    • Legislative, regulatory and ISS update

    Third Quarter

    • Peer group review
    • Market data refresh (data on CEO position to be reviewed in executive session)
    • Market trends presentation
    • Short-term/long-term incentive design changes
    • Committee charter review
    • Legislative, regulatory and ISS update

    Fourth Quarter

    • Finalize short-term/long-term incentive design
    • Evaluate Committee performance
    • Evaluate consultant performance
    • Review executive progress toward stock ownership guidelines

     

    Other Annual or More Frequent Items

    • Approve promotions, new employment agreements, hire grants
    • Succession planning and leadership development
    • Review incentive payout projections
    • Approve changes to benefit plans

    Periodic but Less Frequent Items

    • Comprehensive reevaluation of incentive designs
    • Benefits and perquisites review
    • Review of employment agreement or severance template, clawback policy, anti-hedging policy
    • Change-in-control provision review and costing
    Join our mailing list

    Get Meridian Insights Delivered

    There was a problem
    Thanks for subscribing!

    You May Also Like

    Key Insight
    7 Min Read

    Compensation Committees: What They Do, How They are Structured, and Best Practices
    Manage Cookie Consent

    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.