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: Ethisphere Blog - Good. Smart. Business. Profit.?Say-on-Pay? Gaining Momentum amid Financial Crisis
By Ethisphere.com
Dan Amos, CEO of Aflac, is already famous for implementing say-on-pay measures within his company (Read his thoughts on say-on-pay in the Quarter 4 issue of Ethisphere Magazine). Other companies now seem to be warming up to the idea as well. Both Intel and Hewlett-Packard have acknowledged that they would be willing to take up say-and-pay requirements for their top staff members, and many lawmakers and regulators are starting to become bullish on the idea as well.
Most recently, SEC Commissioner Elisse Walter has announced that she is supportive of the concept. This comes after SEC Chairman Mary Schapiro has encouraged the concept as well.
Add to that the many, many reports of companies (with the main spotlight on financial services companies and the auto industry) disproportionately increasing executive compensation while stock prices slide downward, and you have the perfect storm for new regulations requiring say-on-pay measures.
Full post as published by Ethisphere Blog - Good. Smart. Business. Profit. on April 23, 2009 (boomark / email).
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