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Compensation and Organizational Development Committee
The NYSE and the Nasdaq have each imposed requirements on their listed companies with respect to how they are expected to determine executive officers’ compensation and have promulgated various rules relating to the establishment and composition of compensation committees, the purposes of such committees and procedures that they are expected to follow in discharging their duties.1 As a general matter, compensation and organizational development committees are charged with reviewing and recommending the compensation philosophy and policies of the company, reviewing the employment arrangements with the CEO and setting the compensation for the CEO and either recommending or setting the compensation ...
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