Executive Skills for Board Members in Challenging Times Module 6: Effective Succession Planning and Compensation Decisions

About This Course

“The module objectives focus on understanding the roles and responsibilities of the Nominating and Remuneration committees, and the differences between them. It aims to provide insights into designing a succession planning program to ensure continuity of talent in key C-suite positions, including the Chairman and within the Board itself. The module also covers approaches to defining the need for these key leadership roles and identifying which employees should be developed to fill these positions in the future. Additionally, it emphasizes the importance of robust processes for evaluating the Chairman, Board, and C-suite to ensure a wide range of competencies and experience to effectively address the company's opportunities and challenges. Furthermore, it provides guidance on developing effective compensation plans that are closely linked to the company's talent strategy and aligned with its goal of creating shareholder value. Lastly, it outlines the different methods for benchmarking and measuring CEO and top executive compensation, and assesses the Board's reward/risk equation, including how these risks can be managed, such as through D&O insurance.”