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