Professor Charles M. Elson, a leading expert on executive compensation and corporate governance, is the Edgar S. Woolard, Jr., Chair in Corporate Governance and the Director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. He is also “Of Counsel” to the law firm of Holland & Knight.Professor Elson argues that the common practice of targeting executive compensation to competitive benchmarks is misguided, is based on flawed assumptions, and actually undermines the incentive structures for the enterprise at large. Professor Elson shared his groundbreaking recommendations for refocusing the premise and process for establishing appropriate executive compensation levels in today’s corporate marketplace.