Say, Say, Say, Say-on-Pay

Back to blog homepage for: FEI [1]

I had shared with a fellow blogger (Broc Romanek of TheCorporateCounsel.net Blog [2]) last month that I had a certain video [3] 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 [4]) 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 [5] announced the administration’s plan for reforming executive compensation practices.

Also on June 10, SEC Chairman Mary Schapiro [6] 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 [7] held a hearing on Compensation Structure and Systemic Risk.

On July 1, the SEC will hold an open commission meeting [8] to consider various rule proposals relating to executive compensation and other matters.

Read more details on this subject here [9].

Links:
[1] http://www.accountingweb.com/blogs/accountingweb/fei
[2] http://www.thecorporatecounsel.net/blog/index.html
[3] http://www.youtube.com/watch?v=b9jGSdGVNFI
[4] http://www.jamesrpeterson.com/home/2009/06/michael-jackson-please-get-off-the-stage.html
[5] http://www.ustreas.gov/press/releases/tg163.htm
[6] http://www.sec.gov/news/press/2009/2009-133.htm
[7] http://www.house.gov/apps/list/hearing/financialsvcs_dem/hrfc_061109.shtml
[8] http://www.sec.gov/news/openmeetings/2009/ssamtg070109.htm
[9] http://financialexecutives.blogspot.com/2009/06/say-say-say-say-on-pay.html