In addition to developing a pay philosophy, the NACD’s Blue Ribbon Commission report on Culture as a Corporate Asset cites two additional roles of the compensation committee that are directly connected to culture oversight: talent strategy and leadership development.
This webcast discusses how boards and management teams can cultivate:
- Talent management processes that explicitly include cultural criterion and rely on quantitative and qualitative assessments;
- Recognition and rewards systems that reinforce a desired culture and avoid unintended consequences; and
- Succession plans with emergency appointees and near-term bench depth, as well as leadership development plans that grow a culturally-aligned management team for the future state of the business
