By Michael Dennis Graham
By way of developing an government reimbursement application, it may be tough to supply the company's leaders with the inducement they should proceed doing their top, with no turning into too extravagant. This ebook provides readers the concepts and knowing they should layout a rewards method that may encourage performers whereas reaping benefits the full service provider. Taking a cautious examine the complex nation of govt rewards, this no-nonsense, functional consultant offers readers with an entire technique for motivating administration to complete serious company pursuits. rather than a 'one-size-fits-all' method, the publication makes use of case reviews and examples to demonstrate what elements will be thought of - together with company surroundings, key stakeholders, humans and enterprise process, and organizational functions - while designing a software that may profit either their corporation, and the folk who gas its good fortune.
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Extra resources for Effective Executive Compensation: Creating a Total Rewards Strategy for Executives
But still use the whole playing field. Some of the key business environmental influence groups are the public, government legislators, government regulatory bodies, judiciary groups, and, last but not least, employee associations and unions. Each of these listed groups’ impact is discussed in the remainder of this chapter. The Public While the general public, at first glance, seems fairly detached from an organization, it’s also somewhat influential. Let’s consider, first of all, who comprises the general public—the media, newspaper editorialists, priests, teachers, friends, spouses, and children.
The rules don’t place any limits on executive pay. Instead, the rules allow for more shareholder scrutiny in areas like pension plans and severance packages, and will most likely change the way boards design pay packages. Companies have to disclose perks if their total value is more than $10,000, and dividends on restricted stock grants will also be disclosed in companies’ proxy statements. Despite its complexities, the SEC has potentially done something wonderful for investors. We think that their efforts are finally going to bring some leverage to the issues of executive compensation disclosures.
The California group expressed their desire for a shareholder proposal requiring an advisory vote by stockholders in the area of executive compensation. The long and short of it? Two significant shareholder groups wanted more accountability from the Board. So let’s cut to the board meeting, which was held on May 27, 2006. The first clue that something was amiss was the Board didn’t, er, show up. Nor did Home Depot personnel. Nardelli was there, flanked by big, gruff individuals wearing Home Depot t-shirts.