I guess the 'fiduciaries' who look after the interests of the real owners are sleeping at the watch when it comes to executive compensation. PRO GOVERNANCE suggests for a long time that 'incentive' packages should not be handed out on a discriminatory basis, i.e. only to a few people at the top of the organisation. While basic salary can be set at any level (only AFTER the shareholders have had a say, with decision being binding) all perks (bonus, share options, incentive schemes, pensions, health insurance, perks) should be given to all staff members (relative to the basic compensation).
Last month, Stanford’s Rock Center for Corporate Governance published a
report addressing seven questions about the proxy advisor industry. One of
them in...
11 hours ago