Governing performance. Reexamining the board's role in executive compensation.Trustee. 1997 Jun; 50(6):6-10, 12.T
If you want a successful organization and you want to keep the IRS off your back, try linking executive performance to compensation. The first step is to develop a philosophy that defines and measures performance in terms of strategic actions. From there, find out how the board should execute what may be its most important responsibility.