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Jim Bean at McLagan analyzes the latest trends in say-on-pay voting, providing a cautionary tale for banks that want a “yes” vote at their annual shareholder meetings.
Citigroup is the largest bank to fail say-on-pay. How will that impact the industry?
Shareholder groups want executive pay tied to shareholder value. The regulators’ don’t. What is a board to do?
Shareholder advisory votes on pay packages were mandated with little notice for the 2011 proxy season, leaving limited resources and time to prepare. But it's not too late to get a positive say-on-pay result in 2012.
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