The FORTX Process and the State of Practice
Compensation Committee
We begin this section with a discussion of the compensation committee, given its role in setting, approving, and evaluating goals and the attainment of the CEO’s metrics and targets and in recommending the level of compensation to be paid for the extent to which those performance metrics and targets were achieved.
Certainly FORTX is in compliance with the New York Stock Exchange (NYSE) Listed Company Manual section 303A.05 (2004), which requires all listed companies to have a compensation committee, and that the committee must consist solely of independent directors. In general, the role of a compensation committee (Bainbridge, 2007) is to review and approve, or recommend ...
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