Washington Proposal to Approve Directors' Compensation Plan with copy of plan
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How to fill out Proposal To Approve Directors' Compensation Plan With Copy Of Plan?
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Answer & Explanation. 1. Directors have the right to approve their own compensation, but it must be done in ance with corporate law and in a manner that is fair to shareholders. Directors should receive fair compensation that is appropriate for their level of responsibility, expertise, and performance.
The board's consideration of the compensation of individual directors is often broken into two parts and conducted at different times. This allows one group of directors to approve the compensation of the others, with analysis and documentation, and then the parties' roles reverse at another fixed date in the future.