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Forum Report
Inviting Guidance to Develop
Questions about Compensation
Anyone with an interest in the information
needed to analyze executive pay is invited to help guide the development of
a standard set of questions that investors can ask – and that corporate
managers can readily answer – to understand a company's compensation
policies. We want to consider the interests of all marketplace
participants, including not only a wide range of investment decision-makers
but also the various corporate, adviser, reporter, academic and other
professionals involved in the provision or use of compensation information.
Starting with the model of TIAA-CREF’s “Ten
Questions” discussed at the recent Forum
meeting addressing “Say on Pay,” our objective is to define some
variation that can be used to
(a)
obtain the information most investors
will need for the kind of company-specific analysis that demands more than a
“box-ticking” review of compliance with general guidelines, and
(b)
satisfy the needs of a sufficiently
broad range of investors that will justify corporate-initiated reporting of
responses in public filings [see note, below], as suggested by a company representative at the
Forum meeting.
If you want to offer your views, you can do so
anonymously by rating the TIAA-CREF list of “Ten Questions” presented on an
independent, privacy-controlled web site. It should take less than three
minutes, unless you have a lot to say in the optional comments:
You can also communicate directly, of course,
either to discuss your views or to explore your possible further support of
this project.
GL – December
15, 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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