Compensation Committee
/ˌkɑːnənɪkəl kəˈmɪti/
Definitions
- (n.) A board committee responsible for establishing and reviewing compensation policies and packages for a corporation's executives and directors.
The compensation committee approved the CEO's new salary and bonus structure.
Forms
- compensation committee
- compensation committees
Related terms
See also
Commentary
Typically composed of independent directors to prevent conflicts of interest in determining executive pay.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.