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.
