Read a chapter from the book now.
Today’s organizations are under intense pressure and unprecedented scrutiny to redefine their standards for accountability when determining executive compensation. Fair Pay, Fair Play offers board members, executives, HR and compensation professionals, and investors a new way to think about executive compensation; suggests a model for establishing common standards of fairness and propriety; and shows how our collective actions can help develop a more efficient market for executive talent. Fair Pay, Fair Play adheres to the overriding objective that executives should be paid on the basis of how well they perform for their shareholders over the long-run, relative to the external market, within contemporary standards of fairness and propriety.
In this groundbreaking work, noted executive compensation thought leader Robin Ferracone, with more than thirty years experience, provides a clear examination of executive pay and offers guidance on how to determine fair pay packages, pay actions and program designs. Fair Pay, Fair Play draws on a database of nearly 50,000 data points or “cases,” defined as named executive officers in the S&P 1500 over the last 15 years. Using this data base, she shows how pay has historically moved with company size, industry, and performance.
Using this data, Ms. Ferracone offers the ability to analytically determine appropriate compensation relative to the performance delivered, controlling for company size and industry. In addition, Fair Pay, Fair Play is filled with real-life stories and perspectives from compensation committee members, executives, shareholder advisors, academicians and other authorities. She also presents case studies of how her Alignment Model can be used to identify issues and solve problems.
To read more, download an excerpt of Fair Pay, Fair Play here.
