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RiskMetrics? Governance Exchange to Hold Webcast on Say-on-Pay on November 12Submitted by: Sarah Cohn, Communications

The debate on say-on-pay votes at U.S. companies continues unresolved. Support for the concept this year by investors voting on shareholder proposals requesting say-on-pay was virtually even with 2007, including majority votes at 10 companies. So far, 11 firms have or will put management resolutions seeking an advisory vote on pay on their ballots, but it appears the item won?t become widespread until Congress acts.

RiskMetrics Group?s Governance Exchange will discuss the likelihood and impact of such legislation in a webcast to be held on Wednesday, November 12 at 1 p.m. EST. Speakers for the webcast, include: Richard Ferlauto, Director of Corporate Governance and Pension Investment at the American Federation of State, County and Municipal Employees (AFSCME); Charles G. Tharpe, Executive Vice President for Policy at the the Center on Executive Compensation; and Christianna Wood , Chief Executive Officer of Capital Z Asset Management and H&R Block Board Member, and . In addition, the panelists will debate the effectiveness of say-on-pay votes in addressing perceived problems with U.S. executives? compensation. Carol Bowie of RiskMetrics? Governance Institute will moderate the webcast.

To register for the webcast, please visit here.

Full post as published by Institutional Shareholder Services -- Corporate Governance Blog on November 10, 2008 (boomark / email).