Wednesday, October 3, 2007

My reaction to tip # 9 Pete Wilson

My reaction to tip #9 "Conduct regular checkups about pay practices."

ConocoPhillips directors will consider rotating their pay consultant every five years. "The benefit clearly is that you will get a fresh look," says Mr. Augustine, chairman of the ConocoPhillips pay panel. Basically what Mr. Augustine is stating is that it is important for a company to constantly keep refreshing their payments to their consultants. It is important to keep their trust and wanting to come back to that company knowing that they are the best company for them to deal with.

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