Aflac will become the first major U.S. company to let shareholders vote on executive pay. The vote will be for the pay packages of the top five executives and will be non-binding. In the United Kingdom, the law requires that shareholders vote on executive compensation causing CEO pay to be more in line with performance. Shareholders in the U.K. rarely vote down proposed pay packages, which when presented to shareholders are much less generous than many U.S. executive pay packages.Wednesday, February 14, 2007
AFLAC TO ALLOW SHAREHOLDERS TO VOTE ON EXECUTIVE PAY
Aflac will become the first major U.S. company to let shareholders vote on executive pay. The vote will be for the pay packages of the top five executives and will be non-binding. In the United Kingdom, the law requires that shareholders vote on executive compensation causing CEO pay to be more in line with performance. Shareholders in the U.K. rarely vote down proposed pay packages, which when presented to shareholders are much less generous than many U.S. executive pay packages.
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I know that the rate is incredibly high, but what about setting it low? I've been considering having it at a 2:1 ration (at max) or simply keeping everyone's pay even and high.
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