Giving a Shareholders a Say on Pay: A Measure Leading to Better Governance

Institute for Governance of Private and Public Organizations Position Paper No. 5

32 Pages Posted: 29 Mar 2010

See all articles by Yvan Allaire

Yvan Allaire

Institute for Governance of Private and Public Organizations (IGOPP)

Date Written: March 8, 2010

Abstract

The arguments pros and cons a non-binding vote by shareholders on executive compensation do not readily tip the balance in one direction or the other. The sense of unfairness and the frustration with some patent cases of excessive compensation have generated a good deal of sympathy for more direct and vigorous measures to curb extravagant compensation practices. Nevertheless, boards of directors fully responsible and accountable for the governance of publicly traded corporations do form the cornerstone of our system of corporate governance.

Keywords: Say on Pay, Executive Compensation, Votes on Executive Compensation, Shareholders, Corporate Governance, Board of Directors, Compensation Committee, Compensation Practices, Investors

Suggested Citation

Allaire, Yvan, Giving a Shareholders a Say on Pay: A Measure Leading to Better Governance (March 8, 2010). Institute for Governance of Private and Public Organizations Position Paper No. 5, Available at SSRN: https://ssrn.com/abstract=1580071 or http://dx.doi.org/10.2139/ssrn.1580071

Yvan Allaire (Contact Author)

Institute for Governance of Private and Public Organizations (IGOPP) ( email )

1000 de la Gauchetiere West
Suite 1410
Montreal, Quebec H3B 4W5
Canada
514 439-9301 (Phone)
514 439-9305 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
239
Abstract Views
1,266
rank
143,452
PlumX Metrics