Say, Say, Say, Say-on-Pay

I had shared with a fellow blogger (Broc Romanek of TheCorporateCounsel.net Blog) last month that I had a certain video in mind to use in a post on Say-on-Pay; I had planned to use it when proposed legislation or regulation was a little farther along, but in light of recent events – the sudden passing of Michael Jackson at age 50 last week - I have decided to use the video (with apologies to Jim Peterson, author of the Re: Balance Blog) and write about this topic today.

To recap (Say-on-Pay, not MJ – for that check other news sources):

• On June 10, U.S. Treasury Secretary Timothy Geithner announced the administration’s plan for reforming executive compensation practices.




• Also on June 10, SEC Chairman Mary Schapiro outlined several proposals the SEC would consider to increase disclosures relating to executive compensation and corporate governance.




• On June 11, the House Financial Services Committee held a hearing on Compensation Structure and Systemic Risk.




• On July 1, the SEC will hold an open commission meeting to consider various rule proposals relating to executive compensation and other matters.

Read more details on this subject here.