Compensation Committee Handbook
Compensation Group Handbook Books
Product Description
The Compensation Group Handbook is a matter-of-fact, how-to reference for providing requisite knowledge of a compensation committees role and responsibilities, best practices and business strategies, and fundamental operational procedures, including self-assessment. Every aspect is covered here, including forming a compensation group with associated responsibilities, selecting and training members, conducting effective meetings, maintenance members abreast of current trends and events, and providing the best compensation programs given a companys small- and long-term business strategies. All the essential in rank regarding finance, compensation, legal issues, and the recruitment and training of directors is conveniently brought together in this single, simple-to-use volume.
Presented in four parts, the first section outlines the fundamental responsibilities of each compensation group member, as well as the framework of accounting, tax, securities rules, and the basics of compensation programs. Section two covers five current issues: exchange-in-control agreements, option repricing, reload stock options, pooling of interests accounting, and new accounting rules. The third section examines strategies for positioning the compensation group as a performance-enhancing tool. The final section is a comprehensive resource of rules and set of laws, comparison charts to watch progress, and resources to provide in rank and training to the group.
Be it a small company forming a compensation group or a large company that needs the latest strategies to help its board of directors discharge fiduciary responsibility to the stockholders, The Compensation Group Handbook is obligatory to corporate directors and compensation group members, corporate secretaries, general counsel, CEOs, CFOs, and human resources executives.
Written in a matter-of-fact style, this handbook provides comprehensive guidance to compensation group members and their advisors on how to maximize the potential of the group. It analyzes the latest trends in CEO compensation for small, mid- and large-sized businesses and helps compensation committees meld technical in rank with sound business judgement.
“Jim Reda has written an brilliant and a remarkably thorough handbook for compensation committees of boards of directors. It is certain to become a well-worn volume on the bookshelves not only of compensation group members, but also of CEO’s, board chairmen, CFO’s and corporate secretaries. I highly urge this book to the 4000 members of the American Society of Corporate Secretaries. It is an obligatory guide and resource for excellent corporate governance.”–(David W. Smith, President American Society of Corporate Secretaries, Inc.)
“Every board member is interested in how to be more well-organized and effective in compensation choice-making. James Reda has impressive consulting and research credentials for enlightening directors on this matter. His new book presents both the fundamental concepts and matter-of-fact strategies of ‘best practices’ compensation in a way that will boost the performance of any compensation group.”–(James Kristie, Editor Directors & Boards)
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Anyone caught up in compensation issues will want to keep this handbook nearby. The author wrote it mainly for directors who serve on the compensation committees of publicly traded firms. But the book raises issues and advocates practices that many company managers should consider. Though much of the book is quite technical, this basic survey of compensation issues is apt for a broad professional audience. getAbstract recommends it as a excellent first step toward more equitable and effective pay practices.
Rating: 4 / 5
Written for compensation group members and those who work with them, this text covers: in rank on the group’s responsibilities; ways to organize a group; legal position of the group; 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 in rank on rules and set of laws, comparison charts to watch the progress hostile to compensation strategies, an enormous glossary, and in rank and training resources geared to group needs. This is a unique and exceptionally valuable reference for compensation subjects that require group action. It has exceptional technical depth and clarity. As a compensation consultant myself, I highly urge this book. James Reda has done an outstanding job!
Rating: 5 / 5
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 exposure, regulatory scrutiny, and broadcast pushback. This valuable handbook can provide compensation group members with helpful in rank 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 group is and does. It also covers how the board should go about selecting and training the members of the compensation group. CEO succession and evaluation is covered in a very helpful way as is the come forth 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 top 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 matter-of-fact applications of these rules, set of laws, and duties. It covers executive employment, partition, and exchange-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.
Even as not the most lively material, the authors do a fantastic job of maintenance it from apt too dry or dusty. And if you need to know this material, you will like this book’s organization and wealth of helpful in rank.
Reviewed by Craig Matteson, Ann Arbor, MI
Rating: 5 / 5
The Compensation Group Handbook provides an brilliant 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.
Rating: 5 / 5