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Boards often set compensation levels for CEO pay by benchmarking against a peer group. What is a peer group? What are some drawbacks to this

Boards often set compensation levels for CEO pay by benchmarking against a peer group. What is a peer group? What are some drawbacks to this approach?What are compensation consultants? What conflicts do compensation consultants face in performing their duties? Who within the firm selects the compensation consultant? Why is knowing the party that selected the compensation consultant important

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