From the July-August 2010 issue of Treasury & Risk magazine

Companies Slow on Say-on-Pay

Financial regulatory reform has put say-on-pay on the agenda for all U.S. publicly traded companies. The Dodd-Frank bill enacted in July requires public companies to give shareholders a non-binding vote on executive compensation at least once every three years.

But a recent survey suggests companies aren't ready for the new requirement. Just 12% of executives say their companies are well-prepared for such a vote, with another 46% describing themselves as somewhat prepared, according to a survey of executives at 251 U.S. companies by benefits consultancy Towers Watson.


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