title: Governing performance. Reexamining the board's role in executive compensation.
abstract: If you want a successful organization and you want to keep the IRS off your back, try linking executive performance to compensation. The first step is to develop a philosophy that defines and measures performance in terms of strategic actions. From there, find out how the board should execute what may be its most important responsibility.
authors.affiliation: Hay Group, Chicago, IL, USA.
authors.forename: D A
authors.initials: DA
authors.lastname: Hofrichter
authors.forename: G W
authors.initials: GW
authors.lastname: Hawthorne
mesh_terms: D016542:Chief Executive Officers, Hospital / Q000191:economics / Q000592:standards*; D004649:Employee Incentive Plans / Q000706:statistics & numerical data; D004650:Employee Performance Appraisal / Q000191:economics*; D006075:Governing Board / Q000458:organization & administration*; D007857:Leadership; D015279:Organizational Culture; D009937:Organizational Objectives; D011361:Professional Competence; D012380:Role; D014481:United States