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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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March 06, 2007
Bill Would Give Shareholders a Vote on Exec Pay

U.S Representative Barney Frank has introduced legislation that would give shareholders a nonbinding vote on executive compensation at public companies.

The legislation (H.R. 1257) would require that public companies include in their annual proxy to investors the opportunity to vote on the company's executive pay plans. The vote would be a nonbinding one.

"I do not understand those who argue that the people who make up our stock markets are collectively very wise, but at the same time are somehow incapable of rendering a coherent opinion of what they should pay those they employ to run the corporations that they own," says Frank, who is chair of the House Financial Services Committee.

In February, Aflac Incorporated announced that it will give shareholders a nonbinding vote on executive compensation beginning in 2009.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
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Top 100 FLSA Overtime Q&As
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