Just when executive compensation was starting to settle down after the Sarbanes-Oxley Act, another upheaval has forced committee members to adapt yet again. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act had a significant impact on executive compensation and reporting. This Fourth Edition of The Compensation Committee Handbook includes vital information that compensation committees need to stay current with Dodd-Frank and other new accountability requirements.
In addition to legal compliance, compensation committee members need to address a growing range of functional issues such as organizing, planning, evaluating executive performance, negotiating change-in-control arrangements, and beyond. The rapid changes in the role of the compensation committee can leave organizations reeling. The Compensation Committee Handbook defines the latest responsibilities and standards related to compensation, while recognizing that there is no single “correct” model for executive pay that will fit every business organization.
The strategy board members assign incentives needs to align with each specific case, but the standard approach has evolved almost as rapidly as the regulatory landscape. This handbook identifies the best practices that reflect the most current understanding of issues related to compensation. Since the Third Edition was published in 2007, regulatory and theoretical changes have altered the way this committee should and must approach compensation. In this updated edition, the authors strive to remind readers of both the general and technical determinants of good compensation committee decision-making.
Bits and pieces of wisdom from business and academic publications can be difficult to synthesize when it comes time to discuss numbers. The Compensation Committee Handbook is a valuable reference because it comprehensively addresses all the relevant issues. This book’s issue-oriented approach is adequately comprehensive to target any compensation discussion. The Compensation Committee Handbook, Fourth Edition will help all compensation committee members, as well as executives, human resource officers, and general counsels, succeed in turning complex technical information into sound business judgment.
Just when executive compensation was starting to settle down after the Sarbanes-Oxley Act, another upheaval has forced committee members to adapt yet again. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act had a significant impact on executive compensation and reporting. This Fourth Edition of The Compensation Committee Handbook includes vital information that compensation committees need to stay current with Dodd-Frank and other new accountability requirements.
In addition to legal compliance, compensation committee members need to address a growing range of functional issues such as organizing, planning, evaluating executive performance, negotiating change-in-control arrangements, and beyond. The rapid changes in the role of the compensation committee can leave organizations reeling. The Compensation Committee Handbook defines the latest responsibilities and standards related to compensation, while recognizing that there is no single “correct” model for executive pay that will fit every business organization.
The strategy board members assign incentives needs to align with each specific case, but the standard approach has evolved almost as rapidly as the regulatory landscape.This is handbook identifies the best practices that reflect the most current understanding of issues related to compensation. Since the Third Edition was published in 2007, regulatory and theoretical changes have altered the way this committee should and must approach compensation. In this updated edition, the authors strive to remind readers of both the general and technical determinants of good compensation committee decision-making.
Bits and pieces of wisdom from business and academic publications can be difficult to synthesize when it comes time to discuss numbers. The Compensation Committee Handbook is a valuable reference because it comprehensively addresses all the relevant issues. This book’s issue-oriented approach is adequately comprehensive to target any compensation discussion. The Compensation Committee Handbook, Fourth Edition will help all compensation committee members, as well as executives, human resource officers, and general counsels, succeed in turning complex technical information into sound business judgment.
About the Author
JAMES F. REDA is Managing Director, Executive Compensation Consulting, Arthur J. Gallagher & Co., Human Resources Consulting Practice. Mr. Reda has served for more than 27 years as advisor to the top management and boards of major corporations in the United States and abroad in matters of executive compensation, performance, organization, and corporate governance.
STEWART REIFLER is the head of the executive compensation practice at the New York office of Vedder Price, P.C. Mr. Reifler has over 25 years of experience negotiating and structuring executive compensation arrangements on behalf of executives, board compensation committees, and companies.
MICHAEL L. STEVENS is a partner in the executive compensation practice at Alston & Bird, LLP. Mr. Stevens has over 20 years of experience advising clients with respect to securities, corporate governance, and tax issues relating to stock plans, incentive compensation arrangements, executive employment agreements, and deferred compensation.
