Pension Funds Vote “No” on Mylan Directors

Frank Glassner’s Compensation in Context newsletter reports: Four large pension funds have asked shareholders of the drug company Mylan NV to vote against six directors, including the company’s chairman, who have been nominated for re-election at the company’s annual meeting June 22. “We believe the time has come to hold Mylan’s board accountable for its…

Are Fund Managers Asleep at the Wheel? Which Funds Enable Excessive Pay?

Excessive executive compensation is a core contributor to America’s extreme and growing income inequality. CEOs have come to be grossly overpaid, and that overpayment is bad for the companies, the shareholders, the customers, and the other employees. The 100 Most Overpaid CEOs 2017, the third in a series from As You Sow, is designed to…

Hermes on CEO Pay: Should be Simple, Aligned, Accountable

Remuneration Principles: Clarifying Expectations is a new report from Hermes about CEO Pay. They note that CEO pay is uniquely disconnected from the principles and structure of every other kind of compensation and offer guidelines for investor priorities in reviewing pay proposals. Given the deep concerns of stakeholders over executive pay in many jurisdictions, it…

SEC Unveils Executive Pay Ratio Guidelines – WSJ

The controversial “pay ratio” rule has finally been approved, requiring companies to disclose the ratio between the pay for the top executives and the median employee. Company executives have argued that this number is hard to calculate and misleading. Investor groups have responded that if the company knows how many employees it has and how…

Agenda – Director Pay Lawsuits Push for Equity Limits, More Disclosure

VEA Vice-Chair Nell Minow is quoted in the video portion of this story. A spate of lawsuits challenging director compensation over the last few years has prompted many companies to make serious moves to set new limits on annual compensation, equity awards and cash payments for board members. Source: Agenda – Director Pay Lawsuits Push…