While
many aspects of compensation do not differ at the executive
level (except that the dollars are normally larger), there are
some important aspects that are significantly different such
as: insider trading constraints, public reporting requirements
(proxies) for public firms, high paid employee limits in
qualified benefit programs, and more frequent use of long term
incentives such as stock programs and employment contracts.
ECI's
consultants can work with your Board and your management to
develop an effective strategy and the relevant executive
compensation programs to support your organizations long term
strategies. As part of this effort, we can identify concerns
that your executives, shareholders and Board members may have
that need to be addressed in the programs. We can also
identify relevant competitive practices and other factors that
should be considered in the program design. We also can
assist in the development of compensation for your outside
Board members.
Many
of these issues involve legal issues. We can either work with
your law firm or utilize our legal associates to help you not
only meet the letter of the law, but to assure that the
programs designed are strategically appropriate for your firm
and that they are competitive within your industry. We
can also assist in designing the right compensation program
for members of your Board of Directors.
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