April 2011
Intermediate to advanced
496 pages
13h 22m
English
book
Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences
by David Larcker, Brian Tayan
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8. Executive Compensation and Incentives
In this chapter, we examine executive compensation and incentives. Executive officers develop the corporate strategy and business model, and oversee daily management of the firm. As with any employee, executives require compensation for their work.1 Compensation packages must be sufficient in terms of their level and structure to attract, retain, and motivate qualified executives to create shareholder or stakeholder value.
The compensation committee and the independent directors on the board approve the compensation program. In theory, this should be a simple exercise. The “right” amount of compensation to be paid is the minimum amount it takes to attract and retain a qualified individual. After all, this ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.