Connection lost
Server error
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - compensation committee
The difference between ordinary and extraordinary is practice.
✨ Enjoy an ad-free experience with LSD+
Definition of compensation committee
The compensation committee is a group of people who are part of a company's board of directors. They are responsible for reviewing and approving the pay and benefits of a company's top executives, such as the CEO and CFO.
For example, if a company's CEO is up for a raise, the compensation committee would review their performance and decide whether or not to approve the raise.
The Securities and Exchange Commission (SEC) has a rule called 10C-1 that requires public companies to have independent compensation committees. This means that the committee members cannot be affiliated with the company and must be paid by an independent source.
Overall, the compensation committee plays an important role in ensuring that a company's top executives are fairly compensated for their work.
Behind every great lawyer is an even greater paralegal who knows where everything is.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
Compensation Committee: A group of people who work for a company and are responsible for deciding how much money the company's leaders should be paid. They make sure that the pay is fair and reasonable. The government requires that public companies have a compensation committee made up of independent members who are not connected to the company in any way.
Where you see wrong or inequality or injustice, speak out, because this is your country. This is your democracy. Make it. Protect it. Pass it on.
✨ Enjoy an ad-free experience with LSD+