Compensation Committee definition: Copy, customize, and use instantly
Introduction
The term "Compensation Committee" refers to a subcommittee typically within a company or organization that is responsible for determining and overseeing the compensation structures for executives and senior management. The committee is tasked with evaluating, setting, and reviewing compensation packages, bonuses, and other financial benefits.
Below are various examples of how "Compensation Committee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Compensation Committee" as a corporate body
This definition ties "Compensation Committee" to its role as a corporate decision-making body.
"Compensation Committee" means a committee within the board of directors responsible for the determination and review of executive compensation, including salaries, bonuses, and stock options.
Definition of "Compensation Committee" as a governance body
This definition connects "Compensation Committee" to governance and oversight.
"Compensation Committee" refers to a group of independent directors or senior executives tasked with overseeing and making recommendations regarding the compensation and benefits for top management.
Definition of "Compensation Committee" as an executive oversight body
This definition links "Compensation Committee" to its oversight of executive pay.
"Compensation Committee" means the body within the organization responsible for reviewing and setting the compensation policies for executive officers, including base salaries and incentive programs.
Definition of "Compensation Committee" as a regulatory compliance committee
This definition ties "Compensation Committee" to compliance with regulations.
"Compensation Committee" refers to the committee within a company that ensures compensation practices comply with industry regulations, corporate governance standards, and shareholder expectations.
Definition of "Compensation Committee" as a performance evaluation body
This definition connects "Compensation Committee" to its role in evaluating performance.
"Compensation Committee" means the committee that evaluates the performance of senior executives and determines their compensation based on individual and company performance metrics.
Definition of "Compensation Committee" as an advisory group
This definition links "Compensation Committee" to advisory functions.
"Compensation Committee" refers to an advisory group within the board of directors that makes recommendations on executive pay and benefits but does not necessarily have final decision-making authority.
Definition of "Compensation Committee" as a decision-making body
This definition ties "Compensation Committee" to decision-making.
"Compensation Committee" means the decision-making body responsible for approving or adjusting compensation packages for the organization's senior leadership team, ensuring alignment with organizational goals.
Definition of "Compensation Committee" as a key strategic team
This definition connects "Compensation Committee" to strategic planning.
"Compensation Committee" refers to the team within a company that aligns compensation strategies with the company’s broader strategic objectives, helping to attract and retain top talent.
Definition of "Compensation Committee" as a financial oversight group
This definition links "Compensation Committee" to financial responsibility.
"Compensation Committee" means the group of individuals responsible for ensuring that executive compensation practices are in line with the company's financial position and long-term viability.
Definition of "Compensation Committee" as a transparent body
This definition ties "Compensation Committee" to transparency in decision-making.
"Compensation Committee" refers to the committee that ensures transparency in the determination of compensation, promoting accountability and clarity in the process for stakeholders.
Definition of "Compensation Committee" as a risk management function
This definition connects "Compensation Committee" to risk management.
"Compensation Committee" means the committee tasked with evaluating the risks associated with executive compensation packages, such as those related to executive behavior or company performance.
Definition of "Compensation Committee" as a diversity and inclusion advocate
This definition links "Compensation Committee" to diversity efforts.
"Compensation Committee" refers to the body responsible for promoting equitable compensation practices, ensuring fairness and diversity in executive pay and benefits.
Definition of "Compensation Committee" as a market comparison body
This definition ties "Compensation Committee" to market comparisons.
"Compensation Committee" means the group that benchmarks executive compensation against market standards, ensuring that the organization remains competitive in attracting top talent.
Definition of "Compensation Committee" as a contractual review body
This definition connects "Compensation Committee" to its role in reviewing contracts.
"Compensation Committee" refers to the body that reviews and approves executive compensation contracts, ensuring alignment with both company policy and external market conditions.
Definition of "Compensation Committee" as an ethics oversight body
This definition links "Compensation Committee" to ethics oversight.
"Compensation Committee" means the group that ensures compensation practices align with ethical standards, avoiding excessive or inappropriate pay structures.
Definition of "Compensation Committee" as a shareholder interest protector
This definition ties "Compensation Committee" to shareholder protection.
"Compensation Committee" refers to the committee that ensures executive compensation practices are in the best interest of shareholders, balancing fairness with company profitability.
Definition of "Compensation Committee" as a labor relations body
This definition connects "Compensation Committee" to labor relations.
"Compensation Committee" means the body responsible for aligning executive pay structures with broader labor relations strategies, ensuring equitable treatment across all levels of the company.
Definition of "Compensation Committee" as a competitive compensation body
This definition links "Compensation Committee" to competitive pay strategies.
"Compensation Committee" refers to the body that evaluates and adjusts executive compensation to ensure the company remains competitive in attracting and retaining leadership talent.
Definition of "Compensation Committee" as an employee engagement body
This definition ties "Compensation Committee" to employee engagement.
"Compensation Committee" refers to the committee that designs compensation packages to drive employee engagement, motivation, and retention, particularly at the senior management level.
Definition of "Compensation Committee" as a long-term incentive strategy
This definition connects "Compensation Committee" to long-term incentives.
"Compensation Committee" means the group responsible for establishing long-term incentive compensation plans designed to align executive interests with the long-term performance of the company.
Definition of "Compensation Committee" as a financial accountability group
This definition links "Compensation Committee" to financial accountability.
"Compensation Committee" refers to the body tasked with ensuring that executive compensation is structured in a way that supports financial accountability and the sustainable growth of the company.
Definition of "Compensation Committee" as a succession planning body
This definition ties "Compensation Committee" to succession planning.
"Compensation Committee" means the group within the company that integrates compensation strategy with succession planning to ensure continuity in leadership.
Definition of "Compensation Committee" as a transparent governance body
This definition connects "Compensation Committee" to governance.
"Compensation Committee" refers to the transparent governance body that ensures the fair and ethical distribution of executive compensation, aligned with corporate goals.
Definition of "Compensation Committee" as a bonus and incentive structure body
This definition links "Compensation Committee" to bonus and incentive structures.
"Compensation Committee" refers to the group responsible for establishing bonus and incentive structures that align executive performance with company success.
Definition of "Compensation Committee" as a leadership reward committee
This definition ties "Compensation Committee" to leadership rewards.
"Compensation Committee" means the committee that determines the rewards and incentives for company leadership, ensuring that compensation structures support the company's mission and goals.
Definition of "Compensation Committee" as a benefits and remuneration body
This definition connects "Compensation Committee" to benefits.
"Compensation Committee" refers to the body that oversees the remuneration, benefits, and perks packages for the company's senior executives, including non-cash compensations.
Definition of "Compensation Committee" as a strategic leadership body
This definition links "Compensation Committee" to strategic leadership.
"Compensation Committee" means the committee that works with senior leadership to design compensation strategies that align with overall business objectives.
Definition of "Compensation Committee" as a pay-for-performance committee
This definition ties "Compensation Committee" to performance.
"Compensation Committee" refers to the committee responsible for structuring compensation plans that are based on performance metrics, ensuring that compensation is directly tied to achieving business goals.
Definition of "Compensation Committee" as an equity-based compensation body
This definition connects "Compensation Committee" to equity compensation.
"Compensation Committee" refers to the group responsible for overseeing and approving equity-based compensation plans, such as stock options or performance shares, for executives.
Definition of "Compensation Committee" as a compensation fairness advocate
This definition links "Compensation Committee" to fairness.
"Compensation Committee" means the group that advocates for fairness in compensation practices, ensuring that pay disparities are minimized and align with corporate values.
Definition of "Compensation Committee" as a performance-linked incentive body
This definition ties "Compensation Committee" to incentive-based pay.
"Compensation Committee" refers to the committee that structures performance-linked incentives for executives, tying bonuses and other rewards to individual and company performance metrics.
Definition of "Compensation Committee" as a compensation structure design body
This definition connects "Compensation Committee" to structure design.
"Compensation Committee" refers to the body responsible for designing and reviewing the overall compensation structure within the company, ensuring it aligns with both internal and external benchmarks.
Definition of "Compensation Committee" as a shareholder accountability group
This definition links "Compensation Committee" to shareholder interests.
"Compensation Committee" means the group tasked with ensuring that executive compensation packages align with shareholder interests and corporate performance expectations.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.