Having a say on pay

Hendershot, Steve
May 2007
Crain's Chicago Business;5/28/2007, Vol. 30 Issue 22, p20
The article discusses the say on pay concept towards executives compensation package. Say on pay allows corporate shareholders to vote on an executive salary package before it approval and allow shareholders to express their opinion on pay package and benefits. Corporate governance lawyer Claudia Allen states that the industry is faced with a shift of power from boards towards stockholders which creates a possibility that the boards will become unwilling to take the risks.


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