Challenge: A Board of Directors disagreed about whether pay levels of the executive team were appropriate. A discussion with the Board revealed that each Board member was bringing different values and expectations to the pay review process.

Solution Deployed: We walked the Board through a Compensation Philosophy development process and tool that allowed the Board to share their differences and reach consensus about how pay should be viewed. A market analysis was then conducted using the newly adopted compensation philosophy and new base pay, cash incentive, and equity plans were implemented.

Business Value Delivered: The Board and the executives are all comfortable with the new direction, and the Board meetings are consequently much more fun!

Client Industry: Financial Services

Project Type: Compensation Philosophy, Market Pricing, Long-term Incentive, Short-term Incentive, Negotiation, Strategic Communication

Business Structure: For-Profit, Privately Held