Business Chief North America reflects on the impact of COVID-19 for executive compensation and how organisations can prepare for 2021 and beyond
LEADERSHIP & STRATEGY
EXECUTIVE COMPENSATION : 2021 AND BEYOND
WRITTEN BY
GEORGIA WILSON
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Business Chief North America reflects on the impact of COVID-19 for executive compensation and how organisations can prepare for 2021 and beyond
C
OVID-19 is causing “ unprecedented , negative economic impacts in an accelerated fashion ,” comments Alvarez & Marsal . “ Many experts , furthermore , believe that the coronavirus crisis is just getting started , and that the countermeasures that are causing such negative economic impacts may last not for weeks , but for months or longer . Whether engaged in the airline , hotel , restaurant , physical fitness , cruise line , retail , oil and gas , or any other industry , significant impacts will flow through all sectors , with few , if any , insulated from the downturn .”
With this in mind , Business Chief North America takes a look at insights from Joseph E . Bachelder , Special Counsel at McCarter & English LLP , the Corporate Governance Research Initiative at the
FEBRUARY 2021