Canadian Firms Agree on ‘Say on Pay’ Draft
November 5, 2009
The Canadian Coalition for Good Governance (CCGG) has drafted a model of say on pay for nine of 13 companies.
November 5, 2009
The Canadian Coalition for Good Governance (CCGG) has drafted a model of say on pay for nine of 13 companies.
FDIC’s Bair Opposes Bonuses on Wall Street
October 21, 2009
FDIC Chairman Sheila Bair advocates curbing excessive executive bonuses at some of Wall Street's largest firms.
October 21, 2009
FDIC Chairman Sheila Bair advocates curbing excessive executive bonuses at some of Wall Street's largest firms.
THE D100 BOARDROOM LEADERS FOR 2009
October 14, 2009 by Directorship Editors
President Barack Obama and his team top our third-annual list of the Directorship 100, the most influential people in the boardroom and corporate governance community.
October 14, 2009 by Directorship Editors
President Barack Obama and his team top our third-annual list of the Directorship 100, the most influential people in the boardroom and corporate governance community.
Obama Adopts Hands-Off Policy on Citi, AIG Pay
August 21, 2009
The Obama administration has left executive pay worries to Kenneth Feinberg.
August 21, 2009
The Obama administration has left executive pay worries to Kenneth Feinberg.
Obama’s Corporate Governance Agenda
August 17, 2009 by Judy Warner
The SEC voted to approve an NYSE proposal to eliminate broker discretionary voting for all elections of directors, whether contested or not.
August 17, 2009 by Judy Warner
The SEC voted to approve an NYSE proposal to eliminate broker discretionary voting for all elections of directors, whether contested or not.
Battle Expected Over Say-on-Pay Details
August 7, 2009
To be considered independent, comp committee members cannot accept any consulting, advisory, or other fees outside of pay received for their board service.
August 7, 2009
To be considered independent, comp committee members cannot accept any consulting, advisory, or other fees outside of pay received for their board service.
House Approves Say on Pay
August 3, 2009
The House has previously passed similar measures not taken up by the Senate.
August 3, 2009
The House has previously passed similar measures not taken up by the Senate.
A Failure to Communicate
August 1, 2009 by Gretchen Michals
Boards and shareholders look for better ways to communicate as some investors believe corporate directors are giving them the silent treatment.
August 1, 2009 by Gretchen Michals
Boards and shareholders look for better ways to communicate as some investors believe corporate directors are giving them the silent treatment.
U.K.’s Stricter Bank Regulations
July 9, 2009 by Joseph McCafferty
U.K. Treasury chief Alistar Darling noted that while the current regulatory framework for the banking system would remain largely unchanged, new rules and stricter punishments will ensue.
July 9, 2009 by Joseph McCafferty
U.K. Treasury chief Alistar Darling noted that while the current regulatory framework for the banking system would remain largely unchanged, new rules and stricter punishments will ensue.
Government May Extend Exec Pay Oversight
June 22, 2009
Obama’s recent appointment of an executive compensation czar to oversee pay at companies that have received federal assistance could result in the government’s eventually dictating executive compensation practices for all companies.
June 22, 2009
Obama’s recent appointment of an executive compensation czar to oversee pay at companies that have received federal assistance could result in the government’s eventually dictating executive compensation practices for all companies.
Exxon/Chevron Investors Reject Proposals
May 28, 2009 by Joseph McCafferty
Sprinkled with debate over pollution and the company’s human rights record, Exxon Mobil and Chevron’s shareholders rejected all proposals at their annual meetings. Chevron CEO David O’Reilly told one group that its report on Chevron’s policies “deserved the trash can.”
May 28, 2009 by Joseph McCafferty
Sprinkled with debate over pollution and the company’s human rights record, Exxon Mobil and Chevron’s shareholders rejected all proposals at their annual meetings. Chevron CEO David O’Reilly told one group that its report on Chevron’s policies “deserved the trash can.”
Shareholders Supportive in Pay Votes
May 26, 2009
Despite public outrage at excessive executive pay, so far this year’s annual meetings have seen investors voting in favor of company packages.
May 26, 2009
Despite public outrage at excessive executive pay, so far this year’s annual meetings have seen investors voting in favor of company packages.
Qwest Shareholders Shoot Down Say on Pay
May 14, 2009 by Joseph McCafferty
The annual general meeting at Qwest Communications International concluded with the company’s shareholders rejecting a proposal to give themselves an advisory vote on executive compensation.
May 14, 2009 by Joseph McCafferty
The annual general meeting at Qwest Communications International concluded with the company’s shareholders rejecting a proposal to give themselves an advisory vote on executive compensation.
Verizon Shareholders Approve Exec Pay
May 8, 2009
Verizon shareholders approved the pay packages of top executives, drowning out any complaints that compensation was excessive with an overwhelming 90 percent of the vote.
May 8, 2009
Verizon shareholders approved the pay packages of top executives, drowning out any complaints that compensation was excessive with an overwhelming 90 percent of the vote.
Verizon Shareholders to Vote on Pay
May 7, 2009
Verizon Communications becomes the latest company to hold a “say on pay” vote.
May 7, 2009
Verizon Communications becomes the latest company to hold a “say on pay” vote.
In Defense of Director Pay
May 5, 2009 by Joseph McCafferty
A number of companies have reacted to shareholder and public criticism by reducing director pay. Some directors have made efforts to preemptively dock their own pay.
May 5, 2009 by Joseph McCafferty
A number of companies have reacted to shareholder and public criticism by reducing director pay. Some directors have made efforts to preemptively dock their own pay.
Apple Shareholders Get Say on Pay After All
April 28, 2009 by Joseph McCafferty
Apple investors will get an advisory vote on executive compensation, reversing an earlier announcement in which the company said the “say on pay” proposal failed to get enough support at the most recent shareholder meeting.
April 28, 2009 by Joseph McCafferty
Apple investors will get an advisory vote on executive compensation, reversing an earlier announcement in which the company said the “say on pay” proposal failed to get enough support at the most recent shareholder meeting.
France’s Prime Minister Weary of Pay Curbs
March 26, 2009 by Joseph McCafferty
France’s finance minister warned against hurried rules to curb excessive executive pay as President Nicolas Sarkozy told business leaders to change their behavior or face legislation.
March 26, 2009 by Joseph McCafferty
France’s finance minister warned against hurried rules to curb excessive executive pay as President Nicolas Sarkozy told business leaders to change their behavior or face legislation.
Policy Makers to Empower Shareholders
March 26, 2009 by Joseph McCafferty
Federal and state policy makers are advancing plans to give shareholders more power in corporate boardrooms.
March 26, 2009 by Joseph McCafferty
Federal and state policy makers are advancing plans to give shareholders more power in corporate boardrooms.
Millstein on the Recurrent Crisis: ‘Boards and Shareholders Have Ducked on Compensation’
March 12, 2009 by Joseph McCafferty
Our individual savings generate the entire capital market. Together “we”, the whole investment chain, are the owners of corporate America and we should act like it. “We” have ducked our responsibility to halt compensation excesses in the financial sector and, to a certain extent, sections of the rest of corporate America. Now that compensation has come front and center in the wake of a crisis which has not only exposed its flaws, but did so on national network television, activation is essential. Not just because compensation at excessive levels is unacceptable to most of the beneficiaries—us—(which is reason enough), but because compensation is a politically attractive ground for regulation.
March 12, 2009 by Joseph McCafferty
Our individual savings generate the entire capital market. Together “we”, the whole investment chain, are the owners of corporate America and we should act like it. “We” have ducked our responsibility to halt compensation excesses in the financial sector and, to a certain extent, sections of the rest of corporate America. Now that compensation has come front and center in the wake of a crisis which has not only exposed its flaws, but did so on national network television, activation is essential. Not just because compensation at excessive levels is unacceptable to most of the beneficiaries—us—(which is reason enough), but because compensation is a politically attractive ground for regulation.