KO » Topics » Decision-Making Process and Role of Executive Officers

This excerpt taken from the KO DEF 14A filed Mar 5, 2009.

Decision-Making Process and Role of Executive Officers

       The following describes how compensation decisions are made for the Named Executive Officers, including the role of Executive Officers:

Step 1:   The Human Resources department, using data provided by the Compensation Committee consultant, develops competitive pay guidelines for base salary, annual incentive and long-term equity compensation. These guidelines are developed based on an analysis of our peer group's (as set forth on page 43) pay practices, internal equity and affordability. The Compensation Committee discusses and then modifies or agrees to suggested guidelines.

Step 2:

 

The Compensation Committee considers the Board's evaluation of the Chairman and the President and Chief Executive Officer and makes preliminary determinations on base salary, annual incentive and long-term equity compensation.

 

 

The Chairman and the President and Chief Executive Officer consider performance and make individual recommendations to the Compensation Committee for other senior executives on base salary, annual incentive, and long-term equity compensation. The Compensation Committee reviews, discusses and modifies as appropriate these compensation recommendations.

Step 3:

 

The Compensation Committee discusses compensation recommendations for the Chairman and the President and Chief Executive Officer with the Board and considers its input. The Compensation Committee makes final decisions with regard to the Chairman and the President and Chief Executive Officer.

 

 

The Compensation Committee also approves recommendations for other senior executives.

Step 4:

 

The Compensation Committee communicates its decisions to the Chairman and the President and Chief Executive Officer. Managers communicate compensation decisions to their direct reports.
This excerpt taken from the KO DEF 14A filed Mar 3, 2008.

Decision-Making Process and Role of Executive Officers

The following chart provides an overview of how compensation decisions are made for the Named Executive Officers, including the role of executive officers.

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