For most organizations, which group must approve the executive compensation package?
A)Shareholders
B)Security and Exchange Commission
C)Board of Directors
D)Internal Revenue Service

Question

Quizplus · Accepted Answer

The Board of Directors is typically responsible for approving the executive compensation package. Shareholders may have a non-binding vote on executive compensation but it is ultimately up to the Board of Directors to make the final decision. The SEC and IRS may have regulations regarding executive compensation, but they do not approve individual packages.

For Most Organizations, Which Group Must Approve the Executive Compensation