Our Next Event
Executive Next Practice - Boardroom Excellence: From Board Membership to Next Practices
Thursday, July 18, 2013
This interactive session will provide the building blocks to a high performance board, and a roadmap to board membership for those forming or joining boards. Topics include corporate board structure, game changing advisory boards, director compensation, corporate governance education, the vetting process, assessing board performance, developing relevant board dashboards and blueprints for success.
Directors Daily Headlines:
CHAPTER NEWS
PEER GROUP BENCHMARKING INHERENTLY FLAWED AND INFLATIONARY
Focus on Internal Metrics Rather Than External Factors Essential for Effective Pay Structure
Read The New York Times coverage of the research here.
– An over-reliance on peer group compensation benchmarking is central to the persistent issue of rising executive pay in the United States, new research finds. While other research examines flawed peer group methodology, this new study makes it clear that peer grouping with minimal board discretion is a seriously flawed methodology even when the peer groups are fairly constructed. The study also is the first to document that peer group benchmarking - now so widely utilized that it is enshrined in federal regulations - has accidentally become the de facto standard even though it never was designed to determine CEO compensation.
Download the full study here or at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2125979.
