Executive compensation packages are designed to attract and retain top talent, align executives' interests with those of the company's shareholders, and motivate executives to achieve company goals and objectives.

Remote work refers to the increasing trend of employees working outside of traditional office settings, such as from their homes or co-working spaces. This trend has been driven by advances in technology that allow for remote communication and collaboration, as well as changing attitudes toward work-life balance and the desire for greater flexibility.

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