Developing Executive Compensation Programmes

Abstract

The Executive Compensation ConsultantToday's world is characterized by global competition, industry consolidation, escalating technology, capital needs, and corporate restructuring. All these are meshed with expanding constituencies, such as investors, employees, management, customers, suppliers, the community, the government, and a worldwide society at large. Thus, the development of compensation programmes, and especially those for executives, requires a broad perspective and clinical analysis to ensure consistency with the company's real world. These programmes must take into account: 26MANAGERIAL AUDITING JOURNAL 9,6Co-operation among internal auditors, compensation staff and consultants warrants serious consideration by senior management.