Customer Reviews

Executive Compensation Best Practices (Wiley Best Practices)

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Overall, this book provides a solid overview of a range of executive compensation practices. The section on proxy statement disclosures was particularly helpful because it provides a number of specific examples from proxy statements issued after the new SEC rules took effect.

Other sections are not as strong. I suspect that the book is best suited for junior level advisors to Compensation Committees (such as junior level compensation consultants or law firm associates), rather than the committee members themselves. For more senior professionals and committee members, the book may provide some helpful reminders. Still, the price is moderate enough to justify purchasing it, particularly if the proxy statement disclosure section will be of interest.

I agree with the following endorsements:

"Fred Lipman and Steve Hall have written a book that should be the 'bible' of every compensation committee chair and be read by every committee member. Their well-balanced listing of what 'best practices' should be in fixing executive compensation is a checklist for every compensation committee meeting. Their recognition that a compensation committee can be as derelict in setting compensation policy too low as it has been setting it too high is a particularly important observation." --Roderick Hills, former chairman of the U.S. Securities and Exchange Commission Hills Stern & Morley LLP

"This book is the most authoritative guide I have read on executive compensation. In today's climate it is a must read for board members, CEOs, and senior human resources leaders from companies of every size, and we strongly recommend it to our executive search clients." --Alan J. Kaplan, President & CEO, Kaplan & Associates, Inc.

"Executive Compensation Best Practices by Fred Lipman and Steve Hall provides a valuable addition to any corporate governance library. The book contains a comprehensive coverage of best U.S. compensation practices with?numerous practical examples--for instance, there is an interesting discussion on the impact of the growth of private equity upon compensation levels. The book also includes helpful discussions of the latest SEC rules that will be invaluable for directors who are currently members of compensation committees. I enjoyed reading it." --Chris Pierce, CEO, Global Governance Services Ltd., United Kingdom

"Every member of a board compensation committee should be reading this book, and then keep it close-by for ready reference." --Fenton R. Talbott, Chairman of the Compensation Committee StoneMor Partners L.P.

"Executive compensation is one of the complex and sensitive issues facing all executives, boards, media, regulators, and investors with great accounting, tax, and stock market implications. Lipman and Hall have done an excellent job of simplifying the complex subject matter useful to all interested parties." --S. Rao Vallabhaneni, author of Corporate Management, Governance, and Ethics Best Practices