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Comments of
Richard V. Smith
August 20, 2008
I read the Gordon paper
with great interest hopefully to better understand where the value lies in
"say on pay." I found his insights useful and Professor Gordon puts forth an
interesting and thought provoking perspective.
Responding to the
Forum’s request that I address Timothy Smith’s comments about Sibson
Consulting, I should start by saying that Sibson has not taken any position
for or against “say on pay,” and the only thing that Sibson and I,
personally, want is a full and open discussion on the topic. I understand
that the Forum has already advised Mr. Smith that Sibson Consulting has not
presented any views at all on the Forum web site. In fact, I am not aware
of any Sibson opinion presented anywhere else, either, taking a stand for or
against “say on pay.” I am participating in this Forum program simply as a
curious executive compensation consultant who wants a better understanding
of the issues so I can better advise my clients.
Being practical, my own
professional interest is to collect all the information that will help me
serve my clients. The last thing I want to do is discourage people from
presenting the information. I assume others share and respect this
interest.
Richard V. Smith
Senior Vice President
and Executive Compensation Practice Leader
Sibson Consulting, a
division of The Segal Company
New York,
New York
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