Compensation Committee Governance in an Era of Increased Public Scrutiny

Serota, Susan P.
October 2010
Compliance Week;Oct2010, Vol. 7 Issue 81, p42
The author comments on the excessive bonuses paid to executives of banks and other financial institutions during the financial crisis in the U.S. in 2008. The author believes that the scenario is considered a loophole in effective corporate governance. She believes that the imposition of the Dodd-Frank Act will address unrealistic compensation given to executives because it brings focus on effective governance process for compensation committees.


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