Managing corporate governance and board compensation and nomination

Managing corporate governance and board compensation and nomination is the capability of individuals to develop and implement effective governance frameworks and manage the compensation and nomination processes for board members within a business. It involves understanding how to develop and implement governance policies and practices that promote transparency, accountability, and ethical behavior, and ensure that board members are appropriately compensated and nominated.

Beginner competence definition

At a beginner level, individuals are able to perform basic tasks such as understanding corporate governance and board compensation and nomination concepts and principles, identifying governance and board compensation and nomination needs, and providing basic support for governance and board compensation and nomination activities. They have a basic understanding of regulatory requirements related to corporate governance and are able to work effectively in a team environment.

Intermediate competence definition

At an intermediate level, professionals have a deeper understanding of governance and board compensation and nomination frameworks. They can develop and implement governance policies and practices that align with business objectives and comply with regulatory requirements. They can manage the compensation and nomination processes for board members, including developing appropriate compensation packages and identifying potential candidates for board membership.

Advanced competence definition

At an advanced level, individuals have an expert-level understanding of governance and board compensation and nomination frameworks. They develop and implement complex governance and board compensation and nomination programs that involve assessing and mitigating governance risks, managing the compensation and nomination processes for board members, and communicating board compensation and nomination decisions to stakeholders. They have strong leadership and communication skills and lead teams of governance professionals to achieve business objectives related to corporate governance and board compensation and nomination. They are knowledgeable about corporate governance and board compensation and nomination industry trends that enable them to recommend and implement best practices to ensure effective governance of the board and corporate governance policies and practices.