The ______ is an operating committee staffed by members of the board of directors plus independent or outside directors,and they are responsible for setting the compensation for the CEO and other senior executives.

Question

Quizplus · Accepted Answer

The compensation committee is responsible for setting the compensation for the CEO and other senior executives. The board of directors is the governing body of the organization, but not specifically responsible for setting compensation. The audit committee is responsible for overseeing financial reporting and internal controls, and frontline managers are not typically involved in setting executive compensation.

The ______ Is an Operating Committee Staffed by Members of the Board