Dec 14, 2017
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Partner John Cannon (New York-Compensation, Governance & ERISA) wrote an article titled “Risky Business: The Expanding Risk-Oversight Responsibility of Compensation Committees” that was published by Business Law Today on December 14.
In this article, Cannon discusses the challenges faced by public company compensation committees, which increasingly are burdened with risk mitigation-based oversight responsibility for the design of incentive compensation not only at the executive officer level but also at lower levels. As a result, John says, “one can expect that companies will establish structures whereby management will be required to report regularly to compensation committees about the design of such incentives and safeguards protecting against their potential for promoting inappropriate conduct. Companies also may be more likely to highlight such oversight in their public disclosures.”
Read Risky Business: The Expanding Risk-Oversight Responsibility of Compensation Committees