Day 1:
Foundations of Executive Compensation Ethics
Overview of executive compensation and its ethical implications.
Key principles of fairness, accountability, and transparency in compensation.
The role of corporate governance in executive pay oversight.
Examining the societal impact of executive compensation practices.
Day 2:
Legal and Regulatory Frameworks
Understanding global standards and regional regulations on executive pay.
Compliance requirements for compensation committees and boards.
Managing risks related to legal and regulatory breaches.
Insights into recent legal cases and lessons learned from enforcement actions.
Day 3:
Designing Ethical Compensation Structures
Best practices for aligning compensation with organizational goals.
Structuring incentives to avoid excessive risk-taking.
Balancing short-term and long-term performance objectives.
Incorporating stakeholder input into compensation decisions.
Day 4:
Navigating Ethical Dilemmas and Conflicts
Identifying conflicts of interest in executive compensation.
Case studies: Ethical challenges in real-world compensation scenarios.
Strategies for fostering open communication and transparency.
Role of corporate culture in shaping ethical compensation practices.
Day 5:
Implementing and Monitoring Ethical Compensation Policies
Developing effective compensation policies and procedures.
Tools for monitoring and evaluating the ethical impact of pay structures.
Building a sustainable framework for ongoing ethical oversight.
Final group exercise: Designing an ethical compensation strategy for a hypothetical organization.
