Somewhat unexpectedly, the 2008 proxy season was relatively quiet.
With the pressure building from everything from “say on pay” to
proxy access, to continued concerns about high-level payoffs for
CEOs overseeing billions of dollars of writedowns, and a faltering
economy—not to mention the rise in environmental activism—it
might have been expected to be a noisy annual meeting season. Yet
compared to some of the events in 2007, there was nowhere near as
much upheaval. The effective shelving of proxy access by the Securities
and Exchange Commission may have contributed to the relative
calm. The increased disclosure of executive compensation has provided
so much additional information for investors that some of the
quietude surrounding the topic may also be because all these new
facts take time to absorb.
September 1,2008 by Paul Hodgson With the pressure building due to everything from “say on pay,” to proxy access, to continued concerns about high-level payoffs for CEOs overseeing billions of dollars of writedowns, it was expected to be a noisy annual meeting season. Surprisingly, it was not. Full Story
