Board Resolutions: Compensation Committee and Compensation Committee Charter


Summary

This board resolutions template of a company’s board of directors can be used by a public company seeking to establish a compensation committee and adopt a compensation committee charter. While any company may establish a compensation committee as a matter of good corporate governance, these resolutions focus on the requirements applicable to companies listed on the New York Stock Exchange or the Nasdaq Stock Market. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. These template resolutions may be inserted into the minutes of a meeting of the board, or included in a unanimous written consent of the board if no meeting is held. For a full listing of related proxy statement and annual meeting content, see Proxy Statement and Annual Meeting Resource Kit. For additional information on compensation committee requirements, see Compensation Committee Resource Kit, and NYSE and Nasdaq Board of Directors and Committee Governance Requirements ...