May 26, 2004
June E-Minders is Up! We
We have posted the June E-Minders a little early due to Memorial Day. Check it out!
Compensation Committee Chairs, Watch Out!
The upcoming legal battle over Dick Grasso’s pay package highlights the risks now faced by comp committee members as the NYSE comp committee chair was also named as a defendant in Spitzer’s lawsuit.
Unlike audit committees, comp committees do not have many prescribed rules and regulations about how to perform their jobs. The upcoming May-June issue of The Corporate Counsel, due out in a few weeks, will provide a 12 Step program for responsible compensation practices which might help comp committee members avoid liability. Try a no-risk trial to The Corporate Counsel now to obtain this valuable issue.