Compensation committee

Compensation committee,

Definition of Compensation committee:

  1. Group of individuals that have been appointed to evaluate and set the pay rate for senior level management. The committee may also be involved in the selection of other compensation options such as stocks, bonuses, profit sharing, and additional perks. The establishment of corporate goals, objectives, and awards relevant to compensation may also be handled by the committee.

Meaning of Compensation committee & Compensation committee Definition