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A compensation committee that reports to the BOD doesn't sound very useful. The Board's job is to represent shareholders, mainly large financial investors who live on short-term gains. And they aren't likely to block executive salary increases, either, because if an executive threatens to leave that could result in rumors of instability, which can also bring share prices down. But I agree that this is a fine opportunity for comp specialists. And I think public sector may have an easier time since pay tends to be fairly regulated anyway. All those years linking compensation grades and pay scales to job profiles and years of service will finally pay off in spades!

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