Coincident with the increasing importance to investors and other stakeholders of companies' human capital management (HCM)-related practices, Willis Towers Watson recommends Compensation Committees re-review their charters to determine whether and how their areas of oversight should be expanded, incorporated into the Committee's annual agenda, and disclosed. The memo includes relevant context on the basis for the Committee's potentially expanded remit. See e.g., our prior reports: "BlackRock Elaborates on its Human Capital Management Engagement," "Investor Coalition Expands Workforce Disclosure Initiative," "Investors File Workforce Disclosure Rulemaking Petition with SEC" and "Investors Push for Global Workforce Data & Disclosure," "Board Workforce/"Human Capital" Oversight: Here's How," and "Board Oversight: Workforce Management."
See also these prior reports: "Diversity & Inclusion: Compensation Committee Role and "Compensation Committees: Renamed & Redefined," and additional information & resources on our Compensation Committees page. This post first appeared in last week's Society Alert!