This course covers the key elements of CEO accountability and performance: developing the performance plan and the performance appraisal, objective communication between board and CEO, developing a compensation program, and fostering a positive partnership between the board and the CEO.
Each step of the process is considered, from preparation to follow-up, to create a model the board can use in appraising the work of the CEO. The module reviews the considerations involved in performance appraisal, including areas for measurement and performance policy.
Compensation is a key reward and motivation tool, and this course examines such factors as market rates and overall economic factors in conjunction with performance levels, including a simple, four-step process to use in establishing a salary.