ISS Provides Framework for Re-evaluating Executive Compensation Amid COVID-19 Pandemic
Many industry challenges are causing companies to problem-solve and react to stressed conditions following the COVID-19 outbreak. Boards and management teams may be faced with the need to restructure performance goals for 2020, modify the mix of equity awards, and find ways to continue to motivate their executive team. In an effort to aid with these decisions, Institutional Shareholder Services (ISS) recently released the first of four case studies providing a framework for annual incentive goal adjustments and considerations for compensation committees looking for solutions in these unprecedented times. ISS notes these case studies are for illustrative purposes and do not represent specific recommendations. Compensation committees are urged to consider all available options to determine the proper adjustments to their compensation plans.
See the communication from ISS and download the case study here »
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