Executive compensation audits provide boards with a comprehensive overview of the organizations compensation structure and identifies gaps within the process followed to define, develop and deploy executive compensation programs. Arcus has extensive experience in managing compensation audits for boards. Our approach includes leading practices that have delivered superior results for other boards. The approach followed by Arcus for Executive Compensation Audits for Boards includes many components, including:
Executive compensation audits – this step includes an annual review of compensation practices in context of public disclosure and transparency requirements.
Benchmarking of executive compensation – this step includes a process of defining a comparable set of executive positions in a sector and then defining a range and set of appropriate compensation tools to ensure competitiveness and performance.
Compensation design and deployment– the step includes the development of a multi-year compensation framework, benchmarked against best practices, design of features of incentives and alignment of the plan with the strategic plan and related goals.
Performance related pay – including a review of performance metrics and a framework for impact measurement with scenario planning for good-better-best outcomes for corporate goals.
Executive compensation risk – optimization of executive compensation features to mitigate risk and ensure comprehensive disclosure policies as per CSA Guidelines.
In addition to compensation systems, it is also important to include mechanisms such as ongoing monitoring of decisions and outcomes to ensure that pay for performance systems deliver against goals defined by the board of directors.
Please click on the links below for additional information or contact us to schedule a call / meeting or us to discuss how we could leverage our tools to meet your requirements.
Job Evaluation and Impact Measurement
Organization Wide Compensation and Rewards
- Incentive planning
- Compensation and Job Evaluation outsourcing
- Annual incentives / variable compensation
Arcus offers services in all the key areas that impact executive and organization compensation:
Board advisory
Compensation Design
Incentive planning
- Incentive plan development
- Compensation disclosure planning
- Market Benchmarked Board Compensation Design
- Expert Witness Consulting Services
Please click on the links below for additional information or contact us to schedule a call / meeting or us to discuss how we could leverage our tools to meet your requirements.
Related information
- Appreciative Inquiry leverages a “positive change core”
- Top Steps to Successful Change Management
- Change Management Programs
- Change Management Insights
- Arcus Change Management Model (ACM)