Initiation of “Say on Pay 2009”
Referring to the plans reported
earlier this week for a “reference resource” to support responses to
“Say on Pay” requirements, the project’s web site is now operational:
You’ll see that we’re partnering with the publisher of
Corporate Secretary (and also of
Investor Relations Magazine) to assure effective management of the
information that concerns their 14,000 readers. The clearinghouse will of
course be focusing initially on the practices and processes that these
corporate professionals must consider to present “Say on Pay” resolutions
for voting in the next few months, but will broaden the scope of coverage to
address other corporate and investor priorities as we proceed.
The form of the clearinghouse has also started simply, to get
the web site up and working as soon as possible. As previously indicated,
we expect to be adding features to provide participants with whatever
examples, expertise, insights, or other resources may be relevant to their
development of effective responses. If you tell us what you’ll find useful,
we’ll try to provide it.
It will be important for all of us to support this project, since the 2009
trials will test “Say on Pay” practices for everyone’s future applications.
If you expect to be making or influencing corporate, investor, or
regulatory decisions about executive compensation policy during the next few
years, now is the time to ask your questions and offer your views.
Please send any suggestions to guide this project’s development either to
Brendan Sheehan, the Executive Editor of Corporate Secretary, or
to me. Both of us will be grateful for your contribution to our progress.
GL – March 5, 2009
Lutin & Company
575 Madison Avenue, 10th Floor
New York, New York 10022