Effective executive compensation promotes company growth and long-term performance, creates value for shareholders, and rewards executives appropriately. Tapestry’s Compensation Committee Leadership Network (CCLN) fosters practical insights and solutions to some of the most vexing challenges boards face related to pay and performance.
The CCLN brings together compensation committee chairs from more than 40 of the largest and most admired companies in North America. This thoughtful group meets privately on a continuing basis, fostering personal relationships, mutual trust and candor. The network is supported by Meridian Compensation Partners.
CCLN members are leading the way in developing pragmatic policies and leading-edge thinking on topics ranging from management development and executive compensation to succession planning.
Recent network topics:
Members focused on topics such as peer groups and the role of an effective compensation committee chair. They were joined by guests to discuss two issues that affect most corporate directors – the Delaware Chancery Court and director liability.
Establishing annual performance targets is more art than science. But CCLN members have identified ways to align pay and performance, refining traditional target setting approaches and adopting emerging alternatives.
Recent developments at the SEC and the most recent proxy season will impact companies in the future. CCLN members explored strategies for meeting these challenges and the role and influence of proxy advisers.
Looking ahead to the first year of mandated say-on-pay for most US companies, members explored innovative compensation practices, talent retention, and management succession planning.
Kelvin Westbrook
Compensation Committee Leadership Network
Compensation Committee Chair, Archer Daniels Midland