Independent directors are increasingly expected to be active in the governance of a company, but stop short of managing it. A fine yet important distinction.
Compensation Program Risk Assessment
Cogent assists compensation committees with understanding, assessing, and managing the risks related to the compensation programs for which they are responsible.
- Cogent helps clients understand the disclosure requirements adopted in late 2009 by the Securities and Exchange Commission (SEC) that relate to compensation program risks
- Cogent works closely with clients and their counsel to assess and evaluate the compensation programs for executives and non-executives in order to determine whether there are risks inherent in those programs that are reasonably likely to have a material adverse effect on the company
- Cogent assists clients in understanding the results of the compensation program risk assessment and determining whether any action is necessary
- Cogent works with clients to develop and implement compensation program changes that address excessive risks and ensure appropriate levels of compensation-related risk for the company's specific business situation