The pair were joined by Kathleen Murphy, senior VP at Aon Risk Services, for a presentation on the topics in Gunster’s Miami office
Complicating the question of compensation for company executives are the various regulations and shareholder pressure (in the case of public firms) and reputational worries (in the case of private businesses), Lamm says in the article.
Ensuring fair and appropriate compensation in family businesses can be particularly trickey, Hickey adds.
D&O insurance policies may help defend against compensation clawbacks, Murphy says in the piece, but payouts are often not included nor desired in polices, for a variety of reasons.
Read the entire article: Compensation minefields (South Florida Business & Wealth, 6/30/16)