Storm clouds keep forming over investors' perceptions of executive compensation. Fueled by lingering corporate scandals — a flurry of financial restatements, torrents of stock option backdating issues, and substantial payouts to departing high-profile CEOs — compensation committees have become lightning rods for criticism. As a result, during proxy season, boards and the companies they serve are being challenged to address myriad corporate governance issues, ranging from poor compensation practices to the rights of shareholders.

To ensure maximum effectiveness in today’s business environment, the Board needs to go beyond its traditional advisory role and actively oversee the company’s strategy development and risk management to minimize business uncertainties and promote the creation of long-term shareholder value. Hewitt’s portfolio of corporate governance services spans across Management and the Board of Directors. We bring together global expertise across each area.

Board of Directors Compensation Services

• We recognize that every board has a unique set of needs, interests and issues.
• We work with boards to understand their skills, experience, plans and specific requirements and offer a comprehensive selection of services that can be tailored to the specific requirements of individual boards.

Corporate Governance Services

• We provide Compensation Committees with independent advice and counsel on corporate governance issues, which empowers them to serve as governors and stewards for both stakeholders and shareholders.

Performance and Compensation Services

• Hewitt assists boards in selection of performance measurement criteria, goal setting, performance monitoring and evaluation against targets and best practices to ensure
  
  
  • Performance of fiduciary duties.
  • Continuous improvement