Product Description

NEW AND UPDATED INFORMATION ON THE LAWS AND REGULATIONS AFFECTING

EXECUTIVE COMPENSATION

Now in a thoroughly updated Third Edition, Compensation Committee Handbook provides a comprehensive review of the complex issues facing compensation committees in the wake of Sarbanes-Oxley. This new and updated edition addresses a full range of functional issues facing compensation committees, including organizing, planning, and best practices tips.

As the responsibilities of the compensation committee continue to increase, the need for practical and comprehensive material has become even more imperative. Complete with compliance advice on the latest rules and regulations that have developed since the publication of the last edition, Compensation Committee Handbook, Third Edition provides the most up-to-date and reliable information on:
*

The latest regulations impacting executive compensation, including new regulations issued by the SEC, recently revised GAAP accounting rules, and the just-finalized IRS regulations impacting the taxation of stock options
*

The roles and responsibilities of the compensation committee, including best practice tips and techniques
*

Selecting and training compensation committee members
*

How to make compensation committees a performance driver for a company
*

Practical applications, including incentive compensation and equity-based compensation


Compensation Committee Handbook, Third Edition will help all compensation committee members and interested professionals succeed in melding highly complex technical information and concepts with both corporate governance principles and sound business judgment.

Product Details

• Amazon Sales Rank: #364969 in Books
• Published on: 2007-12-21
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 539 pages

Review
"This Reviewer...finds nothing to quarrel with in Reda's presentation of several hotly contested matters and strongly recommends the book." (Financial Analysts Journal, April/May 2003)

"This Reviewer...finds nothing to quarrel with in Reda's presentation of several hotly contested matters and strongly recommends the book." -- Financial Analysts Journal, April/May 2003

From the Inside Flap

Compensation Committee Handbook

Third Edition

In our post-Sarbanes-Oxley world, the compensation committee chair is widely considered the most difficult role on the board. The consequences of making bad compensation decisions can be severe, ranging from ill-advised legislative initiatives to shareholder revolts. Compensation Committee Handbook, Third Edition is a practical, how-to guidebook designed to help compensation committee members make sensible and defensible decisions at all times.

Covering functional issues such as organizing, planning, and best practice tips as well as compliance advice on the implications of Sarbanes-Oxley and other new regulations, Compensation Committee Handbook provides an indispensable, comprehensive review of the pertinent matters facing compensation committees.Recognizing that there is no single "correct" model for executive pay that will fit every business organization, the Handbook identifies applicable "best practices" that reflect current and pendingregulations that have emerged since the Second Edition, including:

• New SEC "Compensation Discussion and Analysis" disclosure requirements for compensation committees

• New GAAP rules on expensing of stock options and other stock-based compensation

• New IRS regulations on stock-based compensation

• New rules by the Financial Accounting Standards Board, the New York Stock Exchange, and the NASDAQ Stock Market

Compensation Committee Handbook, Third Edition will help compensation committee members better understand their duties and role, and to remind them of both the general and technical determinantsof good compensation committee decisionmaking. The book represents the cumulativeexperience of compensation committeemembers and the breadth of knowledge gained in careers as business executives, government officials, corporate board members, governance experts, compensationconsultants, and academics engaged in the study of business history and practices.

An invaluable resource for compensation committee members, board of directors, CEOs, COOs, CFOs, HR executives, and auditors, this practical, how-to road map provides an in-depth review and analysis of timely and relevant issues facing compensation committees at both public and privately held companies.

From the Back Cover

NEW AND UPDATED INFORMATION ON THE LAWS AND REGULATIONS AFFECTING

EXECUTIVE COMPENSATION

Now in a thoroughly updated Third Edition, Compensation Committee Handbook provides a comprehensive review of the complex issues facing compensation committees in the wake of Sarbanes-Oxley. This new and updated edition addresses a full range of functional issues facing compensation committees, including organizing, planning, and best practices tips.

As the responsibilities of the compensation committee continue to increase, the need for practical and comprehensive material has become even more imperative. Complete with compliance advice on the latest rules and regulations that have developed since the publication of the last edition, Compensation Committee Handbook, Third Edition provides the most up-to-date and reliable information on:

• The latest regulations impacting executive compensation, including new regulations issued by the SEC, recently revised GAAP accounting rules, and the just-finalized IRS regulations impacting the taxation of stock options

• The roles and responsibilities of the compensation committee, including best practice tips and techniques

• Selecting and training compensation committee members

• How to make compensation committees a performance driver for a company

• Practical applications, including incentive compensation and equity-based compensation

Compensation Committee Handbook, Third Edition will help all compensation committee members and interested professionals succeed in melding highly complex technical information and concepts with both corporate governance principles and sound business judgment.

Customer Reviews

A wealth of information presented in an organized, helpful, and readable manner
Boards of Directors, and especially compensation committees within the board, are in a period of transition. They are required to be more independent from the company and its management than ever before, and the mega-compensation packages of CEOs is now getting more negative publicity, regulatory scrutiny, and public pushback. This valuable handbook can provide compensation committee members with helpful information on what to do and how to proceed in discharging their responsibilities.

The book has 15 chapters divided into three parts.

Part One describes what the compensation committee is and does. It also covers how the board should go about selecting and training the members of the compensation committee. CEO succession and evaluation is covered in a very helpful way as is the issue of director compensation (since they have so much more to do nowadays).

Part Two covers the legal and regulatory issues boards and committees face. It covers issues of corporate governance (from the board's point of view), disclosure of executive and director compensation, securities issues, tax rules and issues, accounting rules and issues, and ERISA and labor law, rules, and issues.

Part Three deals with the practical applications of these rules, regulations, and duties. It covers executive employment, severance, and change-in-control arrangements, incentive compensation, equity based compensation, executive pension-benefit, welfare-benefit, and perquisites. There is also a chapter dealing with option grants, the repricing of stock options, and if the company should "go dark", which is different than going private.

While not the most lively material, the authors do a great job of keeping it from becoming too dry or dusty. And if you need to know this material, you will love this book's organization and wealth of helpful information.

Reviewed by Craig Matteson, Ann Arbor, MI

Worthwhile Reference Book
The Compensation Committee Handbook provides an excellent starting reference for concise summaries of a number of issues relating to executive compensation. Explanations are clear and succinct, and the footnotes cite relevant authority for further research and reading.

AN EXCEPTIONALLY VALUABLE REFERENCE!
Written for compensation committee members and those who work with them, this text covers: information on the committee's responsibilities; ways to organize a committee; legal position of the committee; selection and training of members; a broad framework for accounting, tax, and securities rules; and the basics of compensation programs. It examines current issues on executive employment agreements, option repricing, reload stock options, pooling-of-interests accounting, and new accounting rules. It provides guidance, especially for small- to medium-sized companies. Includes detailed information on rules and regulations, comparison charts to monitor the progress against compensation strategies, an enormous glossary, and information and training resources geared to committee needs. This is a unique and exceptionally valuable reference for compensation subjects that require committee action. It has exceptional technical depth and clarity. As a compensation consultant myself, I highly recommend this book. James Reda has done an outstanding job!