Who establishes executive compensation? a. The shareholders. b. The board of directors. c. An independent CPA firm. d. The officers themselves.

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asked Dec 16, 2021 60.6k views

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Instanceof · Answer 1 · 2021-12-23T10:52:52+0000

Answer:

The correct answer is b. The board of directors.

Step-by-step explanation:

The board of directors establishes executive compensation. Compensation includes all type of benifits such as salary, house rent, car, dearness allowance, paid leaves, medical reimbursement, group life insurance, traveling allowance etc.

The executive includes senior managment namely CFO, CIA, CEO, Head of HR, Head of internal audit etc.

Who establishes executive compensation? a. The shareholders. b. The board of directors. c. An independent CPA firm. d. The officers themselves.

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