As discussed in our March 24, 2020 client alert “Compensation Considerations in Light of COVID-19”, the fallout from the COVID-19 virus and nationwide quarantines continues to disrupt businesses throughout the country, and boards of directors and compensation committees are having to re-assess their compensation programs as the 2020 calendar year progresses. While each company will need to assess its own short-term and long-term priorities during this unprecedented period, the following summary provides a general overview of the types of adjustments to compensation programs that Milbank is seeing in the marketplace currently, as well as other potential alternatives for compensation adjustments.
For additional insights into the business and legal implications of the COVID-19 pandemic, please visit our Knowledge Center.
