4:30-4:45pm Chapter update
4:45-5:00pm Highlights from Global Institute heldSeptember9-11, 2020
5:00-6:00pm Program and Panel Discussion: Compensation and the impact from the pandemic
The pandemic has introduced a litany of evolving challenges, among them the volatility of the business cycle. That volatility causes compensation committees to assess whether their corporation’s existing compensation programs, designed in more normal times, are appropriate given the new and changed realities brought on by the pandemic. Below are some questions that our guest,Melissa Means–Managing Director at Pearl Meyerand two of our WCD members serving on Compensation committees, Gina Hoagland, and Jan Holloway, will discuss:
- Will directors need to exercise discretion in assessing and rewarding individual and company performance for 2020, if the preset financial goals do not provide a meaningful measure?
- If companies experienced fundamental disruption in 2020 due to the pandemic, and ongoing into 2021, how will directors structure incentive arrangements for 2021 annual and long-term incentive performance?
- As companies re-open, with the additional risks the pandemic brings to companies in protecting the safety of employees and customers from COVID-19, how will D & O liability insurance be affected?