Many firms are offering to provide advice to Compensation Committees. However, questions have been raised about how independent these firms really are.
"Accounting firms weren’t alone in the fever for cross selling…. Look at human-resources consulting and the same pattern emerges. Former pension advisers also provide benefits, compensation and other consulting services. A few … provide outsourcing for human-resources administration. Others … have sister companies that sell an array of investment services."
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The Wall Street Journal, Manager’s Journal, "Cross-Selling Will Outlast The Big Business Scandals" by Ford Harding (Collin Levey, Editor), August 13, 2002
Who should your Compensation Committee trust to assist them in protecting shareholders’ interests?
