 BIOS
WHY CHOOSE DGM?
INDUSTRIES SERVED
ARTICLES
SARBANES-OXLEY
INFORMATION
|
Senior Executives at
a Non-profit
Situation:
A nationally recognized drug and alcohol
rehabilitation center, concerned about the competitiveness of its
executive pay levels and retirement benefits, wanted to validate
executive compensation practices vis-a-vis its market for talent.
At the same time, it was concerned about succession issues once the
founding principals retired, preserving the value systems inherent
in its unique culture and ensuring compliance with incentive pay
practices in the not-for-profit sector.
Process
Consultants from D.G. McDermott Associates
interviewed the founding principals of the organization as well as
key members of top management and a cross-section of the Board of
Directors. D.G. McDermott Associates also conducted a market study
of executive pay levels, practices and benefits of top tier organizations
in the industry. D.G. McDermott Associates consultants met with the
Board of Directors to present their findings.
Solution
D.G. McDermott Associates recommended
the following:
- A revision to the key executive pay
practices.
- Specific measures of performance that
supported incentive pay within compliance standards for the not-for-profit
sector.
- An appropriate retirement package for
the founding principals.
- And an overall revision of the performance
management system so that every employee's performance review reinforced
corporate values.
Outcome
The
Board of Directors adopted D.G. McDermott Associates' recommendations.
|
|
