Linking social targets to executive compensation
Explain the linking social targets to executive compensation.
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Linking social performance targets to executive compensation are as follows:
1. Perhaps the most surefire method to enlist genuine commitment to business social responsibility initiatives is to link the achievement of social performance aims to executive compensation.
2. According to one survey, 80 % of surveyed CEOs consider that environmental and social performance metrics are a legal part of measuring a company’s whole performance.
Illustrates the instituting sufficient performance tracking and information systems to the managerial task of executing strategy?
What are the Strategy Implications?
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