Being a director of a public company today requires a significant time commitment, independence, wisdom, judgment and a willingness to accept responsibility. While it has not always been the case, there are few directors today who are cavalier about their responsibilities and their potential liabilities.
Walking the Compensation Committee Tightrope
Many people believe that the most difficult job of a director is being a member of the Audit Committee. However, in many ways being a member of the Compensation Committee is more challenging and much more likely to result in the director becoming subject to public scrutiny and possibly criticism.
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