Page 782 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

Index 767

Bear market, 127 composition of, 586–87
Below market value pricing, 421–23 conflict of interest, 583
Benefits, as a component of compensation, corporate secretary, 583
6–7, 10 cumulative voting, 128, 588
Benefits and perquisites, 6–7, 10, 225–344 delegation of authority of, 592
accounting, tax, and SEC implications, design of compensation program, 559
228–29 determination and disclosure of, 620,
cost definitions, 227–28 622–23
design considerations, 528–29 determining pay of, 627–29
eligibility for, 225 director liability, 583–84
importance by type of company, 225–26 election term of, 587–88
market stage, 528–29 executive contracts, 559
as a percentage of pay, 227–28 governance checklist of, 591
plan types, 229 indemnification agreement, 584
Bereavement pay, 232 inside, 586
Bimodal average, 72 interlocking relationships, 593
Binding resolutions, 588 length of service of, 588
Binomial model, 412–13 limits on other boards, 587
Bismarck, Otto von, 296 motivating behavior of, 624–25
Black knights, and unfriendly takeovers, 25 noncash compensation, 628–29
Black-Scholes Formula, 149, 410–13 outside, 586
Blackout periods, 152 pay philosophy, 620–21
Blockage, and retaining executives, 105 performance appraisals of, 588–89
Blue Cross/Blue Shield, and fee for service prudent judgment of, 583
organizations, 269 resignations of, 588
Board book, and board of directors, 584–85 responsibilities of, 578–80
Board chair, 582–83 retirement benefits of, 629
Board committees, 581–82 salary surveys, 604, 626
Board of directors, 576–630 shareholder alignment with, 623–24
action responsibilities of, 601–3 size of, 128, 585–86
adequate compensation of, 625–27 staggered, 128, 587
advisory board, 580 term limits, 588
affiliated, nonmanagement, 622 time spent on, 587
age limits on, 588 vision and mission, 580
antitakeover proposals, 128 Bodyguards, as a company perquisite, 259
binding resolutions, 588 Bonuses, 345–401
board book, 584–85 acceptance, 396
business judgment rule, 583 design considerations, 529–30
chair of, 582–83 hiring, 1396
chief executive officer and, 590–92 lack of funding for, 546
classified, 128, 587 Book-entry form, 405
code of ethics, 581 Book value, 51
code of responsibility, 580 Book value increase, 51–52
committees on, 581–82 Book value share price, 52
compensation committee and, 592–620 Book value to earnings ratio, 51