Forum Report: “Say on Pay”
Plans for Projects and October 21 Meeting
Several independent projects are being organized to support the various
interests of Forum participants in what we’ve
been calling the “reality” phase of actual responsibility for managing
the requirements of shareholder voting on executive compensation.
For those of you interested in the policy issues, a meeting will be jointly
hosted by TIAA-CREF
and the New York Chapter of the National Association of Corporate Directors
(“NACD”) on Wednesday, October 21, 2009 from 10:00AM to 2:00PM in New
York City. The objective stated by the hosts is “to conduct a rational,
coherent, above-the-fray dialogue on the purpose, value, merits, challenges
and mechanics of Say on Pay advisory votes.” The agenda and registration
details should be available by the end of next week.
Addressing the practical needs of both investor and corporate
decision-makers, the Forum is organizing special project workshops to
develop resources that will benefit participants. Initial subjects include
marketplace defined standards, investor surveys, and adaptive communication
processes. Your interest in these projects – and suggestions of others –
will be welcomed.
GL – September 17, 2009
Lutin & Company
575 Madison Avenue, 10th Floor
New York, New York 10022