COVID-19: Difficult Decisions and Best Approaches
Partner Gillian Emmett Moldowan (New York – Compensation, Governance & ERISA) was a panelist for a webinar discussing how companies are adjusting their approaches to executive compensation in light of the COVID-19 pandemic. The panelists shared insights on:
- Decision-making processes as to whether companies should make reductions to executive base salaries or target compensation in 2020
- Limits on executive compensation under the CARES act, which companies are subject to the limits
- What open questions remain about rules interpretation
- Ways to address the impact of COVID-19 on your annual incentive plan