The compensation committee is a_____.
A) subgroup of the board of directors that is composed of directors who are not officers of the firm
B) subgroup of the management that is composed of managers who are currently the officers of the firm
C) subgroup of the union that is composed of employees who are not officers of the firm
D) subgroup of the shareholders that is composed of investors who are currently the officers of the firm

Question

Quizplus · Accepted Answer

The compensation committee is a subgroup of the board of directors that is composed of directors who are not officers of the firm. This committee is responsible for setting executive compensation, equity-based and cash incentives, and other benefits for senior executives.

The Compensation Committee Is A_____