According to BusinessWire, increased takeover activity has companies reviewing 'golden parachute' provisions for their top management group.
A recent Towers Perrin CompScan survey of change-in-control (CIC) arrangements among major U.S. companies reveals that plan design continues to evolve to meet changing needs.
Of over 100 companies with CIC arrangements participating in the survey, virtually all provide CIC protection to their CEO and top officers, with the median number of executives covered at 10.
