Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
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!
Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: