Research & Commentary
Best Practices
: Committee Checklist for Assessing Incentives and Risk
Commentary
: Boards Need to Monitor Risks More Closely
Commentary
: Why Comp Disclosure Must Change
Commentary
: Steering Clear Of The Executive Compensation Bog
|
Latest News
Lack of Bipartisan Agreement Means Exec Comp, Governance Likely Part of Dodd Financial Reform Bill
HR Policy Association,
3/12/2010
New RiskMetrics Ratings System to Rely on Companies for Accuracy
HR Policy Association,
3/12/2010
CEO Bonuses Fell 22 Pct in U.S. in 2009 - Report
Reuters,
3/10/2010
|
A mandated "say on pay vote" is marketed by proponents as a way to control executive pay and to give shareholders greater oversight of the Board of Directors. In reality, the unintended consequences of say on pay would weaken corporate governance and erode the link between pay and results.
|
73 percent of Fortune 100 companies, or the largest U.S. firms based on revenue, said they had clawback policies in 2009 compared with 18 percent in 2006.
Total direct compensation for CFOs fell 4% in 2008.
Of the 76 companies that have tallied their Say on Pay vote only 23, less than a third, have received a majority vote.
|