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yzygy Consulting Group provides expertise in human resources management, practices and programs. We specialize in total compensation design and development, including executive pay, incentive pay, stock compensation, high technology pay, sales commission plans and custom market surveys. |
Executive Compensation Governance: Many human resource executives and Chief Executive Officers are being misled about the independence of their executive compensation consultant, which could lead to embarrassing situations and potential legal ramifications. (Continued...) |
Compensation Spotlight
Building a Top Notch Board of Directors
Private Company Board of Director Compensation Report
One common denominator of successful private companies is an outstanding Board of Directors. Yet, staffing a Board is often more difficult at a private company, and the strategy to retain and motivate Board members at private companies is quite different than in public companies. Board compensation at private companies must also align a member’s interests with founders, investors (present and future) and employee shareholders.
The Board of Director role in a private company often is the distinguishing factor of a successful venture. Private company Board members must act independently to safekeep shareholder assets, select and evaluate the Chief Executive Officer, and provide expertise on significant matters of strategy, acquisitions and liquidity.
Syzygy Consulting Group believes that it is critical to achieve independence when determining Board member compensation. Syzygy’s Board of Director compensation report for pre-IPO and private companies is intended to help illuminate market-based Board of Director compensation practices.
Contact a Syzygy representative to receive a complimentary copy of this report.