New Article by Cliff Kling, JD on Executive compensation

Check out the newest article by Mission & Data’s Senior Executive Compensation and Leadership Strategist Cliff Kling, JD: “Head of School Contracts: The Role of an Independent Compensation Consultant” on the Mission & Data Blog.

Summary: This article highlights the benefits of utilizing an independent compensation consultant as boards of trustees perform the critical task of selecting and compensating the head of school. Such consultants 1) mitigate risks inherent in the process, 2) make meaning of benchmark data, 3) advise about compensation structure, and 4) ensure compliance with IRS requirements. The article also outlines Mission & Data’s unique approach when retained as a compensation consultant, which includes: 1) promoting collaboration over negotiation, 2) serving as a neutral third party, 3) sharing data with both the board and the head, 4) utilizing a multi-benchmark approach, and 5) providing an educational session for the board or compensation committee. By engaging an independent compensation consultant, schools can navigate the complexities of head compensation packages effectively, leading to a stronger board-head partnership and greater mission fulfillment.