WorldatWorkís Latest Book Provides Broader Context for Stock Option Backdating Debate

In the midst of the stock option backdating debate, WorldatWork, a not-for-profit professional association for compensation, benefits and total rewards, has published a new book entitled, ìStock Options & the New Rules of Corporate Accountability.î

This second edition of Stock Options and the New Rules of Corporate Accountability examines many hot-button issues impacting executive compensation and proposes new methodologies and techniques for better aligning stock options, performance rewards and accounting. First published by McGraw-Hill in the fall of 2003, this new edition has been revised and updated to make clear the implications of regulatory changes instituted by the Financial Accounting Standards Board (FASB).

Author Don Delves, an executive compensation authority, describes the importance and history of the stock option expensing issue and puts it into a broader context, an appreciation of which is necessary for understanding the new rule and its implications.

His words breed optimism that the new accounting rule and other dramatic changes in corporate governance over the last three years will lead to greatly improved accountability, far more effective incentive design, vastly improved corporate governance and creative compensation solutions we have not yet imagined.

He also delineates many of the current problems with executive compensation and the decisions made by board compensation committees, and discusses a variety of solutions, recommendations and a few admonitions for boards and management for making executive pay and corporate governance far healthier and more effective.

ìThe book is a great reference not just for compensation professionals, but especially board members, executives, and investors alike,î said Don Lindner, WorldatWorkís executive compensation specialist. Lindner, a former compensation consultant and practitioner with 30 years experience, leads WorldatWorkís education and certification programs focused on compensation. Lindner says the real economic implications of options, beyond the expense, are currently top-of-mind with WorldatWork members.

The book is currently available in paperback and retails for $59.95 ($47.95 for WorldatWork members) on the WorldatWork online bookstore at www.worldatwork.org/bookstore.