I am not sure the title for Alex Brummer's article reflects the issue correctly. While the Board sets the pay policy for the CEO it is more the greed of the Chiefs that needs curbing. And what is wrong with Pay Committees is above all the fact that the CEO and existing Boards select new members, so it perpetuates self-control. This is not much different from the Parent Teacher Associations that usually are just a lapdog for the Headmaster.
(5-Jan-2017)
Yesterday, the White Issue finally issued the Executive Order that we had
all been expecting which specifically targets the proxy advisory firms ISS
and Gl...
2 days ago
