Momentum Grows for Executive Pay Rules; SEC, Lawmakers Want Shareholders To Hold More Sway

Yesterday, Senator Charles E. Schumer (D-N.Y.) introduced legislation that would require companies to hold shareholder votes each year on the compensation of top executives and seek approval from investors for "golden parachutes" -- pay packages given to executives upon departure.

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Bibliographic Details
Published inThe Washington post
Main Author Tomoeh Murakami Tse
Format Newspaper Article
LanguageEnglish
Published Washington, D.C WP Company LLC d/b/a The Washington Post 20.05.2009
Subjects
Corporate governance
Executive compensation
Legislation
Shareholder voting
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Summary:Yesterday, Senator Charles E. Schumer (D-N.Y.) introduced legislation that would require companies to hold shareholder votes each year on the compensation of top executives and seek approval from investors for "golden parachutes" -- pay packages given to executives upon departure.
ISSN:0190-8286