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The NASPP and WorldatWork have teamed up to offer the following webcast to NASPP members at no cost: Moral Hazard and Executive Compensation — Balancing Risk and RewardThursday, December 18, 2008 1:00 – 2:30 PM Eastern Take Advantage of this FREE Webinar Offer Today! The NASPP and WorldatWork have joined forces to offer you FREE access to the December 18 WorldatWork Webinar on one of today's top issues regarding executive compensation—how today's executive compensation practices contributed to the recent collapse of the U.S. financial system and how to fix it. Space is limited; reserve your seat today. Advance registration is required. Moral Hazard and Executive Compensation — Balancing Risk and Reward "Moral hazard" as defined by Wikipedia arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions. The balance of risk and reward in executive compensation programs has been a challenge for boards and compensation committees for many years. The recent financial system meltdown brought to light some of the perils of providing executives incentives to take unnecessary and excessive risks that threaten the health of the institutions they oversee. Join highly-regarded compensation expert, Fred Cook as he discusses the concept of moral hazard and executive compensation. Together you will explore ways companies can reach a balance between the right amount of risk and reward without paralyzing the system by restricting or eliminating the executive compensation tools needed to attract and retain the best talent. Speaker: Frederic W. Cook is Founding Director of Frederic W. Cook & Co. Prior to forming the firm in 1973, Mr. Cook was a principal with Towers Perrin, which he joined in 1966 following four years as a U.S. Marine Corps infantry officer and graduation from Dartmouth College. Mr. Cook speaks and writes frequently on compensation topics, is an honorary life member of WorldatWork, a fellow in the National Academy of Human Resources, and the 1996 recipient of the WorldatWork Keystone Award. Read Cook's recent article, Moral Hazard and Executive Compensation. How to access the webcast: Although there is no cost to attend, you must register in advance. Upon completing your registration, you will receive instructions on how to access the program. Don't miss this informative webinar, reserve your seat today. Cost: There is no charge for this program if you are a member of the NASPP. If you do not have an NASPP membership, renew or try a no-risk trial membership today to access the webcast. This webcast is not available to non-members. If you have questions about NASPP membership or accessing the webcast, send us an email at naspp@naspp.com, or call us at (925) 685-9271.
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