WASHINGTON The U.S. House of Representatives today approved a bill that would require publicly owned restaurant and other companies to submit executive pay packages to non-binding votes of shareholders. The so-called say-on-pay law, which passed by a 269-134 House vote, would require that shareholders’ yeas and nays on the compensation of “principal executive officers” be solicited via proxy materials distributed for annual meetings taking place after Jan. 1, 2009.Under the measure ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!