WorldatWork Releases New Options Manual

July 3, 2006 ( - A national association for compensation and benefits professionals has released a new how-to book about stock options amid an ongoing probe into alleged backdating practices.

class=”text12″> A news release from WorldatWork said the new release is the second edition of the group’s Stock Options and the New Rules of Corporate Accountability text. The volume, according to the group, examines issues impacting executive compensation and proposes new methodologies and techniques for better aligning stock options with corporate performance rewards and accounting.

class=”text12″> The ongoing options dating dispute is centered around charges that companies improperly backdated options to maximize their value to the worker to whom the options are granted (See SEC to Issue Stock Option Backdating Guidance ). Also, generally, many companies have come under fire for not sufficiently linking an executive’s compensation package with his – and the company’s – financial performance.

class=”text12″> Author Don Delves, describes the importance and history of the stock option expensing issue, according to the news release.

class=”text12″> Delves 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 admonitions for boards and management for making executive pay and corporate governance far healthier and more effective, the news release said.

class=”text12″> The book is available in paperback and retails for $59.95 ($47.95 for WorldatWork members) on the WorldatWork online bookstore at .