OCG provides clients with independent, rigorous, and innovative approaches for evaluating, designing, and implementing compensation programs covering their boards of directors.
We don’t suggest that board compensation mirror that for an enterprise’s executives. After all, the board must keep the company’s mission and values in mind and so primarily focuses upon the firm’s long-range financial trajectory. Unfortunately, much of board compensation overlooks the long term.
We have served our board clients (public and closely-held) in addition to assisting them with the compensation of their executives, we have also assisted them with director compensation programs which enjoy a blend of:
- Chairman’s fee
- Meeting fee
- Committee fee
- Committee chair fee
As well as Compel board members to become equity stakeholders in the companies they serve, by mandating:
- Holdings and
- Retention periods
In addition to rewarding board members with long-term incentive compensation dependent upon corporate performance.
Board of directors’ compensation should reflect numerous considerations.
Organizational Consulting Group created a detailed resource, Five R’s of Board Service – A Framework for All Board Members, to give companies insights about directors’ compensation. The five R’s are: Responsibilities, Rights, Rewards, Risks and Remedies. They cover everything from accountability and disclosures to procedures and compliance.
What We Do
Organizational Consulting Group
Cleveland, OH 44114
Contact us and we’ll be glad to discuss your organizations executive compensation concerns in light of its business model.