The Compensation Committee Handbook is a practical, how-to reference for providing requisite knowledge of a compensation committee?s role and responsibilities, best practices and business strategies, and fundamental operational procedures, including self-assessment. Every aspect is covered here, including forming a compensation committee with associated responsibilities, selecting and training members, conducting effective meetings, keeping members abreast of current trends and events, and providing the best compensation programs given a company?s short- and long-term business strategies. All the essential information regarding finance, compensation, legal issues, and the recruitment and training of directors is conveniently brought together in this single, easy-to-use volume.
Presented in four parts, the first section outlines the fundamental responsibilities of each compensation committee member, as well as the framework of accounting, tax, securities rules, and the basics of compensation programs. Section two covers five current issues: change-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 committee as a performance-enhancing tool. The final section is a comprehensive resource of rules and regulations, comparison charts to monitor progress, and resources to provide information and training to the committee.
Be it a small company forming a compensation committee or a large company that needs the latest strategies to help its board of directors? discharge fiduciary responsibility to the stockholders, The Compensation Committee Handbook is indispensable to corporate directors and compensation committee members, corporate secretaries, general counsel, CEOs, CFOs, and human resources executives.
Written in a practical style, this handbook provides comprehensive guidance to compensation committee members and their advisors on how to maximize the potential of the committee. It analyzes the latest trends in CEO compensation for small, mid- and large-sized businesses and helps compensation committees meld technical information with sound business judgement.
"Jim Reda has written an excellent 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 committee members, but also of CEO's, board chairmen, CFO's and corporate secretaries. I highly recommend this book to the 4000 members of the American Society of Corporate Secretaries. It is an indispensable guide and resource for good corporate governance."--(David W. Smith, President American Society of Corporate Secretaries, Inc.)
"Every board member is interested in how to be more efficient and effective in compensation decision-making. James Reda has impressive consulting and research credentials for enlightening directors on this matter. His new book presents both the fundamental concepts and practical strategies of 'best practices' compensation in a way that will boost the performance of any compensation committee."--(James Kristie, Editor Directors & Boards)
JAMES F. REDA is a principal and compensation practice leader with Buck Consultants, Inc. in Atlanta, Georgia. He is a member of and has been a presenter for the WorldatWork, The American Society of Corporate Secretaries, The National Association of Stock Plan Professionals, The New York Society of Security Analysts, and the National Association of Corporate Directors.
