ICSA Study Text in Corporate Governance (CSQS)

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Language: English

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Managers are viewed as loyal to the company and interested in achieving high performance. This approach is cutting edge, as was the thought leadership that emerged during our peer-to-peer discussions. The Compensation Committee annually shall coordinate the performance evaluation of the CEO and the other members of senior management. The Investor Relations website contains information about Johnson & Johnson business for stockh. These caps should not be calculated as percentages of accounting or other financial measures (such as revenue, operating income or net profit), since these figures may change dramatically due to mergers, acquisitions and other non-performance-related strategic or accounting decisions. 5.7b Targets: When setting performance goals for "target"bonuses, the compensation committee should set performance levels below which no bonuses would be paid and above which bonuses would be capped. 5.7c Changing Targets: Except in extraordinary situations, the compensation committee should not "lower the bar"by changing performance targets in the middle of bonus cycles.

Pages: 0

Publisher: ICSA Publishing Ltd; 2nd Revised edition edition (June 1, 2012)

ISBN: 1860724973

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