This book, written for executives and boards of directors in for-profit companies, examines a series of issues impacting executive compensation theory and practice in the new era of governance and reward management. Focus is on how companies create and measure value and how traditional executive pay programs, with their heavy weighting of accounting-friendly stock options, can be reassessed and revised in light of anticipated SEC and accounting rules. Other important ancillary issues include the influence of institutional investors on executive pay programs, needed changes in director roles/re