Finance chiefs got a bigger raise than CEOs last year amid disappointing results
When it comes to say on pay, boards face increasingly high stakes as they navigate a host of new minefields.When it comes to say on pay, boards face increasingly high stakes as they navigate a host of new minefields.
The new "say on pay" proxy rule, as one might guess, has led to litigation, not really an explosion of litigation, but enough for companies to be concerned.
Compensation issues have exploded as a proxy issue, thanks in part to Dodd-Frank, which put "say on pay" up for a vote by most nonacclerated filers.
Not too long ago, the Dodd-Frank provisions about the corporate proxy process seemed radically far-reaching.
Recall that the Dodd-Frank Act required public companies to hold say on pay votes on compensation packages of the top executives and golden parachutes. These votes, while non-binding, generated a lot
For small companies, the drama over the SEC's say-on-pay requirement is starting to resemble the commotion over Section 404(b) of Sarbanes-Oxley. The SEC voted to adopt the much-discussed say-on-pay
"We do believe that the day of reckoning has come for overpaid executives." So says one critic of execution compensation practices. But has that day really come? We'll soon find out. By the time