The Human Resources And Compensation Committee. The Human

The Human Resources and Compensation Committee The Human Resources and Compensation Committee consists of three or more directors who must all be outsiders, unrelated and independent with one of the members of the Committee. This committee is responsible for any appointments, promotions, terminations and performance assessments for senior leadership team to include the CEO, monitors the succession plan developed and executed by CEO, approve pension plans for the organization, and reports on occupational health and safety matters. The committee does include the CEO but when matters of CEO compensation are discussed it mandates that the CEO must leave the meeting (Human Resources and Compensation Committee Charter, n.d.). The Finance and†¦show more content†¦Bombardier attempted to work with a non-family CEO on a previous occasion but that CEO lasted only two years before he was replaced by a family member. The Governance and Nominating Committee is required to monitor and set guidelines relating to the Boards access to information and management. In the Bombardier executive environment these guidelines are challenging to monitor and control due to the family control of the Bombardier and the lack of truly independent board members. It is further complicated by having members of the family holding other executive and c-suite positions through the organization. Bombardier and Outside Auditors The independent auditing firm for Bombardier is Ernst and Young. The independent auditor has direct access to the Audit Committee and has the right to attend all meetings of the Audit Committee, unless there is a private session. The responsibility of the independent auditor includes preparing the annual audited consolidated financial statements and conducting a quarterly financial review, and making recommendations to strengthen the internal accounting and financial controls of Bombardier. The independent auditor also determines if Bombardier s financial statements are complete and accurate and are in accordance with generally accepted accounting principles. The audit committee reviewsShow MoreRelatedA Report On Bombardier Canada1132 Words   |  5 Pagessupervisory board at SMS Holding GmbH:, and is a director since 2005. (Director s Bios - Board of Directors - Bombardier, 2014) Committee Structures The board of directors is separated into different committees as we can see in the table bellow taken from Board Committees and Charters - Bombardier (Board Committees and Charters - Bombardier, 2014) Audit committee The audit committees responsibilities are to help directors reach their responsibilities while taking into account accountability,Read MoreEqual Wage Essay1046 Words   |  5 Pagesfactors which stop or slow equal pay for genders. These are behavioral factors, corporate culture and policies, human resource practices and social and environmental factors (Giapponi and McEvoy, 2006). Behavioral factors are related with lack of awareness of pay inequity. Women do not aware or do not mind wage inequity because of personal statement. According to The National Committee on Pay Equity, behavioral factor is very important for wage inequity (Giapponi and McEvoy, 2006). Both social normsRead MoreCareer Development at Electronic Applications1494 Words   |  6 PagesApplications 1. Executive Summary Electronic Applications was found in 1972, its headquarters are on San Francisco and it is a major producer of silicon chips. The company’s sales, profit and stock price have grown fast on the past years while the human resources policies have remained unchanged. The main problem the company is facing nowadays is the high turnover ratio closed to an average of 30% on the past three years. The fact that the company is based in an area where many of its closest competitorsRead MoreLegal, Safety, and Regulatory Requirements of Human Resources1248 Words   |  5 Pagesworkers’ compensation claims and lawsuits and lesser accident-related expenditures (Gomez-Mejia, et al, 2010, p. 511). This paper discusses the effects of legal, safety and regulatory requirements in ensuring employee safety and welfare in the workplace. In addition, it will also discuss other employee-related legal regulatory requirements and topics pertaining to human resources process in hiring employees to prevent costly litigation. Safety and the Law Many Human Resources (HR)Read MoreHome Depot Corporate Governance Essay892 Words   |  4 PagesAudit Committee The Audit Committee is comprised of the following five members from the Board; F. Duane Ackerman, Ari Bousbib, J. Frank Brown, Karen L. Katen, and Mark Vadon. This group is tasked with assisting the Board with the oversight of The Home Depot’s financial statements, ensuring that they are in compliance with legal and regulatory requirements. They also review and monitor the Company’s Compliance program, making changes when appropriate to ensure that the Company remains compliantRead MoreThe Human Resource Management Strategy Essay1368 Words   |  6 PagesGoogles human resource management strategy maintains a compensation strategy that is very competitive. The compensation strategy focuses on addressing the interests of well performing employees at the company. The company’s career development program is designed in a way that ensures that all its employees are given considerable opportunities for their personal and professional career growth. This competitive compensation strategy and the career development programs which are very holistic enablesRead MoreAffirmative Action And Equal Employment Opportunity Guarantees Similarity1266 Words   |  6 Pagesability to secure and advocate for the rights of all employees. Human resource development plays a major part HRM. It is the part of HRM that generally deals with training and development of the employees. The development includes training a person after they are hired, providing opportunities to learn new skills, distributing resources that are beneficial for the employee s tasks, any other developmental activities. Human Resource Development is centered around developing the most tiptop workforceRead MoreImplementing A Company Wide Recruitment961 Words   |  4 Pages If you’re looking for an experienced human resources professional that that has developed retention based recruitment programs and has been responsible for the succession planning process in order to build company bench strength, then look no further – consider me for you next Human Resources Manager. As an experienced human resources and business professional with over 15 years of experience, I bring the depth and breathe of expertise needed to be successful in this position. In particular: Read More Human Resources Development Strategies Essay examples1469 Words   |  6 PagesHR Strategies which are being formulated and planned for human resource of a company. Human resource is the most valuable part of the organization. It plays a crucial role in enhancing the productivity of the organization. Plans are prepared, but the implementation is the most important part. This paper gives guidelines of implementing various processes in Human resource. Guidelines for implementation of strategy related to Human Resource Development: People: It is important for people in theRead MoreSexual Harassment And A Zero Tolerance Policy865 Words   |  4 Pagesreprisal against an individual for any action they take following this policy and its procedures. Possible Actions of Sexually Harassed Individuals If a Wills Incorporated employee feels that, he or she is sexually harassed, he or she can talk to Human Resources, the chaplain, an immediate manager, a supervisor, or the police. These employees are encouraged by the Corporate Headquarters to maintain records of incidents, including dates, times, places, witnesses, responses of the alleged harassed and