Cases in Human Resource Management provides students with insights into common challenges, dilemmas, and issues human resource managers face in the workplace. Using a wide variety of well-known companies and organizations, author David Kimball engages students with original, real-world cases that illustrate HRM topics and functions in action. Each case is designed to encourage students to find new solutions to human resource issues and to stimulate class discussion. Case questions challenge students to think critically, apply concepts, and develop their HRM skills. The contents are organized using the same topical coverage and structure as most HRM textbooks, making Kimball the ideal companion for any introductory HRM course.
Chapter 12: Incentive Pay
Case 12.1. Executive Compensation: New Developments in Executive Compensation
Human resources leaders and compensation experts will always need to attract talented managers to their corporations. However, newer laws are in place to help rein in large executive salaries.
Sarbanes-Oxley (SOX) in 2002 has allowed the Securities and Exchange Commission (SEC) to “claw back” executive pay and stock awards retroactively. SOX has mandatory reporting requirements of all company perks, jets, country club memberships, and so on.1
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was signed into federal law by President Barack Obama on July 21, 2010. Commonly known as the Dodd-Frank, it ...