Waste Management 2015 Annual Report Download - page 31
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Please find page 31 of the 2015 Waste Management annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Our Compensation Philosophy for Named Executive Officers
The Company’s compensation philosophy is designed to:
• Attract and retain exceptional employees through competitive compensation opportunities;
• Encourage and reward performance through substantial at-risk performance-based compensation, while
discouraging excessive risk-taking behavior; and
• Align our decision makers’ long-term interests with those of our stockholders through emphasis on equity
ownership.
Additionally, our compensation philosophy is intended to encourage executives to embrace the Company’s
strategy and to lead the Company in setting aspirations that will continue to drive exemplary performance.
With respect to our named executive officers, the MD&C Committee believes that total direct compensation
at target should be in a range around the competitive median according to the following:
• Base salaries should be paid within a range of plus or minus 10% around the competitive median, but
attention must be given to individual circumstances, including strategic importance of the named
executive’s role, the executive’s experience and individual performance;
• Target short-term and long-term incentive opportunities should generally be set at the competitive
median; and
• Total direct compensation opportunities should generally be within a range of plus or minus 20% around
the competitive median.
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