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Overview
Executive compensation has the opportunity to enhance stockholder value dramatically through effective incentives and rewards. It is also one of the most controversial subjects in corporate America. This new title from the CCH Board Perspectives Series, Building Value Through Compensation, lays out in plain language the complex topic of designing compensation packages for executives.
Written by Paul Hodgson, one of the foremost commentators in the field, the book aims to help practitioners make those essential decisions about executive compensation within the current legal, statutory and stakeholder minefield. Aimed primarily at board and compensation committee members, the book helps navigate directors through the extensive array of duties and responsibilities that are now theirs. Beginning with an assessment of the big picture, the book goes on to look at the history of executive compensation to find out how we got where we are today. In successive chapters, it also examines:
- The role and duties of board and compensation committee members
- The choice of compensation and performance peer groups
- How to set base salary
- The executive benefit package
- The development and design of long-term incentives
- Annual bonus plans
- Employment and other agreements
- Compensation communication
- Director compensation
Each chapter presents the full range of alternatives for all elements of compensation, explaining the reasons behind each of them and what each one aims to achieve, allowing readers to make the right decisions for their senior managers.