Don Delves is the author of two highly influential books on executive compensation and corporate governance.
Stock Options and the New Rules of Corporate Accountability helped define the debate over accounting for stock options and their effect on performance and governance, setting the stage for the introductions of principles-based executive compensation.
CCH Accounting for Compensation Arrangements remains the industry’s leading guide to executive compensation accounting.
To purchase either book, call 312.441.9713 or email Michele Boley.
This second edition of Stock Options and the New Rules of Corporate Accountability examines the hot-button issue of 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 re-examined and updated to include the implications of regulatory changes instituted by the Financial Accounting Standards Board.
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.
“This is an excellent book for anyone interested in the important discussion of stock option expensing and, more significantly, the optimal use of stock options in compensation plans. It is written from the point of view of an experienced and knowledgeable compensation consultant who has advised board compensation committees and talked with many people outside the field considering the economic and incentive effects of the overuse of stock options in the 90s.”
–John M. Biggs, former chairman and CEO, TIAA-CREF
“This book is very thoughtful and insightful. There are no right answers—only degrees of balance. The author has achieved that well.”
–John Rau, president and CEO of Miami Corporation
Former CEO of Chicago Title & Trust Company
CCH Accounting for Compensation Arrangements offers comprehensive guidance for applying the complex and expansive requirements of FASB Statement No. 123R, Share-Based Payment. It discusses the financial reporting implications of stock-based compensation arrangements for employees, employee stock purchase plans, certain other compensation arrangements for employees, and share awards to non-employees for goods and services.
This edition of CCH Accounting for Compensation Arrangements has been rewritten to reflect the new rules for share-based payments as prescribed by Statement 123R. Reference is made to all pertinent opinions, statements, pronouncements, interpretations, and bulletins that affect accounting for share-based payments and other forms of compensation.
This in-depth resource provides professionals with a practical reference tool by selectively combining information from the official text of these standards, along with other information drawn from the AICPA, SEC, FASB interpretations, FASB staff positions, consensus of the Emerging Issues Task Force, and lessons learned from leading accounting practitioners.