Summary of The Compensation Committee Handbook

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Rating

7 Overall

8 Applicability

7 Innovation

5 Style


Recommendation

Anyone involved 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 appropriate for a broad professional audience. getAbstract recommends it as a good first step toward more equitable and effective pay practices.

In this summary, you will learn

  • How to organize your compensation committee;
  • What information the Securities and Exchange Commission (SEC) requires about your company compensation plan; and
  • Why the directors on the compensation committee need to be trained on key accounting and tax matters.
 

About the Authors

James F. Reda has more than 15 years of experience in consulting on compensation issues and is president of his own firm. Stewart Reifler is an expert in negotiating and structuring all issues around executive employment. Laura G. Thatcher is head of the executive compensation practice at Alston & Bird.

 

Summary

Forming the Compensation Committee
Directors of public companies who chair compensation committees sit on a hot seat. This is the most complex job any director can have. Chairs of compensation committees must balance their duties to shareholders, management and other directors while ensuring...

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