The Renewed Focus On Compensation Committees: A Push For True Independence

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In the wake of the recent market turmoil, there has been much finger pointing as politicians, the media, business leaders, and the general public have tried to determine a root cause for the greatest financial crisis in recent memory. As part of the collective public discussion on the economic events that have transpired over the past two years, there has been much ado about executive compensation practices, which have been perceived by many as a primary contributor to the predicament in which many financial institutions and other troubled companies have found themselves.

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