- Labor unions are playing a big role here. "The two most frequent shareholder sponsors of proposals related to executive compensation have been the American Federation of State, County and Municipal Employees (AFSCME), with twenty-three proposals, and the AFL-CIO, with twelve. Overall, labor unions and their pension funds introduced 70 proposals related to executive compensation to Fortune 100 companies since 2008, constituting over 38 percent of all identified proposals coming to a vote."
- Shareholders are electing to hold annual say-on-pay votes. "Under Dodd-Frank's Section 951, executive-compensation advisory votes are now mandatory for public companies. In 2011, companies with annual meetings scheduled after January 21 must hold a vote to determine the frequency of such votes, which under the statute can be every one to three years. Of the four companies in the Fortune 100 to have voted on the issue thus far--Johnson Controls (JCI), Costco (COST), Emerson Electric (EMR), and Tyson Foods (TSN)--shareholders have supported annual advisory votes on executive compensation at each company save Tyson, which has a dual-share structure giving insiders effective voting control."
New Proxy Monitor Finding on Executive Compensation
- Conflict Minerals Conflict Continues
- Richard Epstein: The Improbable Fate of the Durbin Amendment
- CFTC's Aimless Budgeting
- Dodd-Frank's Central Risk-Takers
- Is Volcker the New FCPA?
- CFTC's Latest Invitation to Court
- 100 Days at the SEC
- CFPB Coming After Debt Collectors
- Banking on Wind
- New Column by Walter Olson: SEC Unveils Expensive Rule on CEO Pay Ratio
- SEC Steps Further Away from Its Mission
- New Proxy Monitor Report/Lucian Bebchuk Responds to Wachtell Lipton on Hedge Fund Activism.
- Re-Publication of 2013 Proxy Season Review
- Unaccountable CFPB Avoids Court Scrutiny
- Court Demands Durbin Rewrite