Who is responsible for setting the compensation of corporate officers?

Question

Quizplus · Accepted Answer

The compensation of corporate officers is usually determined by the board of directors, as they are responsible for overseeing the management and operations of the corporation. While the shareholders have a say in any major decisions made by the company, including executive compensation, ultimately it is the board of directors who have the authority to set the compensation of corporate officers. The president of the corporation and the chief executive officer may have input or make recommendations, but the final decision typically lies with the board of directors.

Who Is Responsible for Setting the Compensation of Corporate Officers