Forum Report
Views of a “Say on Pay” Advocate
A member of the Shareholder Forum’s Policy
Review Board, Keith Johnson, has prepared the following presentation of his
views as an advocate of “Say on Pay” for submission to Forum participants in
advance of this afternoon’s open meeting:
·
October 14, 2008, Keith L. Johnson, Reinhart Institutional Investor Services
and Shareholder Forum Policy Review Board: "Shareholder Say on Pay – Ten
Points of Confusion" (6 pages, 41 KB, in
PDF format)
It should be emphasized, though, that the
agenda for this afternoon’s meeting remains unchanged, focusing on these
practical questions about how “Say on Pay” might benefit investors rather
than on arguments for or against it:
1. What do investors expect “Say on Pay”
to do for them, or for the marketplace?
2. How can “Say on Pay” processes be
developed to support successful enterprise management?
3. What information will be needed for
investors to make effective use of “Say on Pay” communication and voting
opportunities?
Those of you who are attending the
meeting will of course have an opportunity to discuss Mr. Johnson’s views
with him, either during the open meeting if we can set aside some time or
afterward.
GL – October
14, 2008
Gary Lutin
Lutin & Company
575 Madison Avenue, 10th Floor
New York, New York 10022
Tel: 212-605-0335
Email:
gl@shareholderforum.com
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