Directors' Remuneration Handbook

ISBN-13: 9781847668882 / Angielski / Miękka / 2012 / 732 str.

Cliff Weight

Opis

This book includes coverage of the UK's Directors' Remuneration Report Regulations 2002 which introduced a requirement into the UK's old Companies Act 1985, to release all details of pay in the annual accounts. The Companies Act 2006 and the financial crisis have further pushed directors' remuneration to the forefront of UK company law. The book covers such areas as: legal, regulatory, and governance (the role of a director, the role of the remuneration committee, engagement and reporting to shareholders, accounting for share options and share schemes, and taxation of directors' remuneration) * theory and practice (motivation theories, academic research on directors' remuneration, and market practice) * reward strategy and architecture - linking pay to business strategy * remuneration design (salary, bonus, mid-term and long-term incentives, share ownership, pension, other benefits, expenses, use of trusts, and provision of investment advice) * chairman and non-executive directors * other issues (remuneration in private equity and venture capital companies and hedge funds, company structure, EU developments, and developments in the US). (Series: Directors Handbook)

Spis treści

1 Introduction 1 Part A Legal, Regulatory and Governance: 2 Role of a Director - what does a director do?; 3 Law, Regulations and Governance Processes; 4 Principles of Remuneration Governance; 5 Companies Act Issues concerning Directors' Remuneration; 6 Directors Remuneration Report Regulations; 7 Taxation of Directors' Remuneration; 8 London Stock Exchange Listing Rules; 9 UK Corporate Governance Code; 10 Checklist for the remuneration report; 11 FSA Remuneration Code for Banks and Financial Institutions; 12 Other Regulators; 13 Accounting for Share Schemes; 14 Best Practice Guidance; 15 QCA; 16 ISS; 17 NAPF; 18 PIRC; 19 ABI (and IVIS); 20 Manifest; 21 Hermes; 22 F&C; 23 IoD; 24 Others; 25 A Remuneration Committee Chairman's View; 26 The Role of the Remuneration Committee; 27 Engagement and Reporting to Shareholders; 28 2012 Changes to Directors' Remuneration Reporting; Part B Theory and Practice: 29 A short history of remuneration 1970-2012; 30 Motivation Theories; 31 Academic Research on Directors' Remuneration; 32 Market data - Total Remuneration; Part C Reward Strategy and Architecture: 33 Linking Pay to Business Strategy; 34 Developing Remuneration Strategy and Policy; 35 Business Strategies; 36 Financial Strategy; 37 HR Strategies; 38 Reward Strategy - Level; 39 Reward Architecture - Reward Mix; 40 Performance Related Pay - what for?; 41 Performance Related Pay - Timing; 42 Special Considerations; 43 Checklist for remuneration strategy; Part D Remuneration Design: 44 Benchmarking - when and how to do it; 45 Salary; 46 Bonus (Annual Incentive Pay); 47 Long-Term Incentives; 48 Share Ownership; 49 Pension; 50 Other Forms of Remuneration; 51 Directors' Service Contracts; Part E Chairman and Non-Executive Directors: 52 Chairman; 53 Non-Executive Directors (NEDs); Part F: 54 PE and Hedge Fund Industry Compensation Practice; 55 PLC versus LLP; 56 The pros and cons of location offshore; 57 Developments in the US and elsewhere.