Lesson 8 1. Discuss the different elements contained within the board of directors and their major responsibilities and ownership. 2. Explain the compensation committee and the involvement

 Lesson 8

1.      Discuss the different elements contained within the board of directors and their major responsibilities and ownership. 

2.      Explain the compensation committee and the involvement that they have within the overall organization and its compensation setting activity.

3.      Discuss the major considerations involved with director pay and practices.

4.      Explain the idea pay plan and its impact on the compensation process.

5.      What are some of the design cautions that might impact organization current compensation practices?

6.      What are some of the major elements potentially effecting the compensation process in the future?

7.      What are some of the good and not so good practices currently in use in today’s compensation settling process?

8.      How are tax laws changing currently and how might we better prepare for handling these changes in the near future through better planning?

Professional Development Questions

1.      List and discuss the different elements contained within the executive compensation framework considerations.

2.      List and explain the different aspects and action steps contained within the design and communication process around the executive play plan. 

Please answer in the question format.  Attach and Internal Revenue Code Section if applicable