How to design executive compensation packages
HOW TO DESIGN EXECUTIVE COMPENSATION PACKAGES // 2 QUESTIONS A BOARD SHOULD ASK THEMSELVES WHEN DESIGNING COMPANY BONUSES // Would it surprise you to know that executive compensation packages tend to motivate short-term behaviour and a strong disincentive to spending on health & safety?
And the impact of executive incentives arrangements on senior management behaviour is claimed to have been implicated in numerous industrial disasters?
How can you avoid this in your business? How can you avoid situations similar to what we've heard as part of the Australian Royal Commission into misconduct in the Banking, Superannuation and Financial Services Industry or the account scandal at Wells Fargo Bank in the U.S.A?
That’s the focus of today.
This is Part 2 of a 3-part series on What Makes a Great Board of Directors who lead from their heart.
In this video, we’ll look at:
2 questions that a great board of directors would consider when setting the annual bonus so that it drives the right behaviour and has a positive impact on safe & healthy outcomes in your business.
#BankingRC #executive
RESOURCES MENTIONED IN THIS VIDEO:
BRAVE-HEART LEADERSHIP QUIZ: Want to discover your personal boardroom leadership style and how aligned you are to leading from your heart?
https://www.samanthamcgolrick.com/bra...
Part 1 - Corporate Culture and the Board of Directors - What Makes A Great Board of Directors
• Corporate Culture and the Board of Directo...
Where to Start With Safety Performance Indicators
• Where to Start with Lead & Lag Safety Indi...
Thanks for watching.
See you in the next video ...
Sam
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• How to design executive compensation packages
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|| More About Samantha ||
Samantha is a health and safety strategist and educator to business leaders. Her mission is to assist company directors and executives in leading from their heart by leading safe & healthy work in the boardroom and C-suite with absolute confidence. Through the KnowWTA Show, she provides the audience with tools, insights, resources and knowledge so they know What to Ask and When to Act #KnowWTA.