An operating committee of the company's board of directors. A compensation committee of a US public company is composed of independent directors.

The duties of a compensation committee are typically outlined in a committee charter, often available on the company's website, and include determining, or recommending for approval by the full board, the compensation of the company's chief executive officer and other executive officers.

For more information, see Practice Note, Corporate Governance Standards: Compensation Committee and Standard Document, Compensation Committee Charter.