Say On Pay: It''s Coming, Are You Ready?
Mondaq Business Briefing › United States Law Articles in English (2009)
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Say On Pay: It''s Coming, Are You Ready?
Originally published October 5, 2009
Introduction Executive compensation and increased communication and transparency for shareholders are among the hot-button issues in economic reform. One need only look to the discussions at the recent G20 London Summit or the responses to Securities and Exchange Commission (SEC) calls for comments to understand that momentum is swinging toward allowing shareholders more access in matters of compensation. This memorandum will address recent legislative and regulatory developments in executive compensation as they relate to Say on Pay Proposals and will analyze ways in which companies can position themselves to better prepare for mandatory shareholder input into executive compensation. Say On Pay What Is A Say On Pay Proposal? An advisory vote on executive compensation, or Say on Pay Proposal, is a non-binding proposal included in a company's proxy materials that calls for an annual shareholder advisory vote on a company's executive compensation program. Such a vote would ...See the full content of this document
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