By Paul Hodgson – CCO and Senior Research Associate Yesterday, the SEC announced new rules governing the use of compensation advisers and the independence and role of the compensation committee of the board. Falling short of mandating the complete independence of such advisers by requiring the compensation committee to hire only those advisers that do [...]
Tag Archives | compensation committee
SEC Issues Compensation Consultant Rules
June 21, 2012 in Daily Viewpoint, News and Opinions, Regulation
Of course, it’s the members of the compensation committee!
June 16, 2011 in Executive Pay: Say on Pay
By Paul Hodgson – Chief Communications Officer We’ve been saying for some time that excessive tenure for directors tends to compromise their independence; in fact, it’s one of our key metrics for board accountability. But, thanks to Stephen Davis and Jon Lukomnik and their thoughtful column for Compliance Week , long tenure for directors can [...]
Beazer sued over executive pay
March 18, 2011 in Daily Viewpoint
Well, it’s begun. Two Teamsters pension funds filed a lawsuit this week against executives and directors at Beazer Homes US, which earlier this year had been one of the first companies this proxy season to receive a no vote on its Say on Pay resolution. I guess it was inevitable, though the vote is likely [...]
Say No on Pay at Monsanto
January 25, 2011 in Executive Pay: Say on Pay
The SEC voted today, in a 3-2 party-line split, to adopt the "say on pay' rules required by the Dodd-Frank financial reform legislation. And my piece on one of the first "say on pay" provisions put to a shareholder vote appears in today's BNet. We begin with Monsanto, already termed by Jim Cramer “maybe the [...]
Institute for Policy Studies: CEOs get paid more for less
September 1, 2010 in CEO Pay
The Institute for Policy Studies has a new report on CEO pay showing that the rich continue to get richer, especially when they fire a lot of people. Many thanks to Andy Viner Seiler for sharing this video. Nell Minow – Editor