Executive Pay: Conflicts of Interest Among Compensation Consultants
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Serial Number
Levin Center Identifier
Document Date
2007-12-05
Report Length
13 pages
Policy Agendas Project Major Code
Policy Agendas Project Minor Code
Additional, Minority, Dissenting Views
Minority views
Report Type
Found Using Methodology
Yes
Committee(s)
Subcommittee(s)
Commission(s)
Idependent Author(s)
Brief Executive Summary
The Committee on Oversight and Government Reform investigated whether compensation consultants hired by large publicly traded companies meet the standard of independence to prevent conflicts of interest. The report states that consultants hired by corporate executives to administer employee benefit plans or to provide other services to a company may not be able to provide objective advice about the compensation of the executives who hire them. The report examined executive compensation services and other services provided to the 250 largest publicly traded companies. The report finds that compensation consultant conflicts of interest are widespread.