2020 Key Executive Compensation and Employee Benefits Considerations
COVID-19 has, among other things, had an impact on executive compensation and employee benefits, and given rise to a number of new issues and considerations. These compensation issues present challenges for companies seeking to incentivize and retain key employees in the midst of the current economic conditions while balancing competing responsibilities to various stakeholders.
Below is a summary of certain executive compensation and employee benefits issues that companies, boards and compensation committees may want to consider or be aware of during these continued turbulent and uncertain times as they begin to approach year-end compensation decisions and a review of compensation levels and existing and new awards and programs.
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