While well-intentioned this proposal is too complicated and prescriptive - even if one fully agrees with the thrust of the argument. Pro Governance has suggested that top executives should only get bonus and benefit payments that are on the same percentage basis as firm-wide arrangements that cover the whole workforce (bonus, pension, health, share options). While there would still be an escape via excessive base pay to inflate CEO pay this proposal would simplify policing of top pay substantially.
(09/12/2011)
The SEC’s decision to change its policy on mandatory arbitration bylaws has
received favorable reviews from public companies and their advisors, but
this M...
22 hours ago
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