Compensation packages need to be more transparent: report

Six-step exec compensation analysis process for all companies
||Last Updated: 08/30/2007

A new standard for transparent executive compensation and guidelines for companies to better link compensation with company performance is needed, according to a new report.

The Institute of Corporate Directors, a Toronto-based association that represents Canada's director community, released a report on executive compensation based on research done at the Richard Ivey School of Business at the University of Western Ontario in London, Ont.

The report also calls for improved financial and human resources literacy among members of compensation committees.