Which of the following is a responsibility of the board’s compensation committee

Which of the following is a responsibility of the board’s compensation committee

Which of the following is a responsibility of the board’s compensation committee?

A. Setting executive pay and performance metrics

B. Auditing annual financial statements

C. Approving major corporate acquisitions

D. Preparing meeting minutes

Answer: A

Explanation: Compensation committees design executive pay packages, align incentives with corporate performance; audit is audit committee role.