Strong, independent board is key to fair executive compensation, expert says

Problems with executive compensation generally signal corporate governance issues, expert says.

BY ADAM WILMOTH | Published: January 16, 2013

Federal regulators provide guidance on how companies should set executive compensation, but there is room for variance.

Wages are set by a board’s compensation committee, often after comparing with other similar companies.

photo - SandRidge CEO Tom Ward talks with employees about the company’s shift to oil from natural gas production in September in Oklahoma City. Photo by Steve Gooch, The Oklahoman Archives

SandRidge CEO Tom Ward talks with employees about the company’s shift to oil from natural gas production in September in Oklahoma City. Photo by Steve Gooch, The Oklahoman Archives

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Article Gallery: Strong, independent board is key to fair executive compensation, expert says

While benchmarks are important, the most important factor when setting executive compensation is a strong board of directors, according to Wayne Guay, Yageo Professor of Accounting at the...
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