By James F. Reda
The repayment Committee instruction manual is a realistic, how-to reference for supplying considered necessary wisdom of a reimbursement committee?s function and obligations, top practices and company concepts, and primary operational approaches, together with self-assessment. each point is roofed the following, together with forming a reimbursement committee with linked duties, deciding on and coaching contributors, engaging in potent conferences, conserving contributors abreast of present developments and occasions, and delivering the simplest reimbursement courses given a company?s brief- and long term enterprise techniques. all of the crucial information about finance, repayment, felony concerns, and the recruitment and coaching of administrators is very easily introduced jointly during this unmarried, easy-to-use quantity.
Presented in 4 elements, the 1st part outlines the basic tasks of every repayment committee member, in addition to the framework of accounting, tax, securities principles, and the fundamentals of repayment courses. part covers 5 present concerns: change-in-control agreements, alternative repricing, reload inventory innovations, pooling of pursuits accounting, and new accounting principles. The 3rd part examines innovations for positioning the repayment committee as a performance-enhancing instrument. the ultimate part is a complete source of ideas and laws, comparability charts to watch development, and assets to supply info and coaching to the committee.
Be it a small corporation forming a repayment committee or a wide corporation that wishes the most recent techniques to aid its board of administrators? discharge fiduciary accountability to the stockholders, The repayment Committee guide is critical to company administrators and repayment committee individuals, company secretaries, basic suggestions, CEOs, CFOs, and human assets executives.
Written in a pragmatic kind, this guide presents entire advice to reimbursement committee participants and their advisors on how you can maximize the opportunity of the committee. It analyzes the newest developments in CEO repayment for small, mid- and large-sized companies and is helping reimbursement committees meld technical info with sound enterprise judgement.
"Jim Reda has written a good and a remarkably thorough instruction manual for reimbursement committees of forums of administrators. it really is guaranteed to turn into a well-worn quantity at the bookshelves not just of repayment committee individuals, but in addition of CEO's, board chairmen, CFO's and company secretaries. I hugely suggest this ebook to the 4000 participants of the yankee Society of company Secretaries. it's an quintessential consultant and source for solid company governance."--(David W. Smith, President American Society of company Secretaries, Inc.)
"Every board member is drawn to easy methods to be extra effective and potent in repayment decision-making. James Reda has amazing consulting and examine credentials for enlightening administrators in this subject. His new publication provides either the elemental recommendations and sensible techniques of 'best practices' repayment in a fashion that might enhance the functionality of any repayment committee."--(James Kristie, Editor administrators & Boards)
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Additional resources for Compensation Committee Handbook (2001)
Example text
Purpose(s) of the board C. Personal criteria • Desired background, personal characteristics, and experience of board candidates III. Structure of the Board A. Number of outsiders and investor/shareholders on the board B. Number of meetings C. Time commitment D. Participation in committees or company activities E. Compensation F. Director liability provisions G. Term of office H. Mandatory retirement age or term limitations I. Powers of the nominating committee (if any) members—and renominate existing board members, for that matter—with one purpose in mind: to meet the needs of the company.
The administration of employee benefits plans and benefits plans for the company as part of the compensation and benefits committee. • The performance of directors as part of the corporate governance committee. The following are excerpts from the company’s 1999 proxy statement filed with the Securities and Exchange Commission on December 17, 1999: The Corporate Responsibility Committee reviews the Company’s policies and procedures affecting its role as a responsible corporate citizen, including those relating to issues such as equal employment opportunity and community relations, as well as health, safety and environmental matters and proper business practices.
Usually, there is a tradeoff between reputation and availability. You must determine what is important to your board. Reputation is always hard to measure. However, a good place to start is to determine the number of books, articles, feature articles, and references to the candidate in the media. ) Next, a representative of your company should check the references of the outside director candidate, and also check with senior people in the candidate’s own field. For example, if you are assessing the reputation of a lawyer, you might call a prominent law school dean who is a personal friend and ask whether he or she has heard of the lawyer, the lawyer’s work, important cases that the firm is involved with, and the firm.