Key responsibilities:

  • Oversee the development of Verizon’s executive compensation program and policies
  • Approve corporate goals relevant to the CEO’s compensation
  • Evaluate the CEO’s performance and recommend his compensation to the Board
  • Review and approve compensation and benefits for selected senior managers
  • Consult with the CEO on talent development
  • Oversee succession planning and assignments to key leadership positions
  • Review and make determinations under Verizon’s clawback policies
  • Review the impact of Verizon’s executive compensation policies and practices, and the performance metrics underlying the compensation program, on Verizon’s risk profile
  • Review and recommend non-employee Director compensation