COMP Core 4
Support with setting the yearly Remuneration Committee agenda
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Executive compensation can be complex, but it is vital to support the business needs fully. Remuneration Committee members and the HR team must ensure the complexity is constrained and well managed.
A key tool is setting and managing the agenda for the annual cycle as the business needs unfold. COMP core 4 helps channel thinking on individual topics against the main flow of the business needs throughout the year.
COMP core 4 distills items into their correct time category; and hence helps set the yearly agenda items alongside the scheduled committee meeting dates. More granularity on that will follow.
Some items are proximate like a base pay decision for example. Others have a short or long term focus, such as bonus or LTIP targets. While yet others involve outcomes approval which need sensitivity as to past performance and the suitability of outcomes. Director remuneration reporting is an integral and important part of the overall process. Early planning and detailed management is essential, alongside shareholder consultation as needed.