Say-on-pay bill awaits committee action
The House-passed bill that would let shareholders weigh in on executive compensation packages is in the Senate Banking Committee.
The House-passed bill that would let shareholders weigh in on executive compensation packages is in the Senate Banking Committee. HR 1257 would require public companies to include a non-binding advisory shareholder vote in annual proxies so shareholders can either express approval or disapproval for executive pay plans. Its Senate companion, S 1181, was introduced by Sen. Barack Obama, D-Ill., the day the House bill passed in April. For details of the measure,
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