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Louis M. Thompson, Jr., whose comments are presented below, is a member of the Forum’s Program Panel for reconsidering “Say on Pay.”  He is a managing director of Kalorama Partners, and served as President & CEO of the National Investor Relations Institute (“NIRI”) from 1982-2006.

For the referenced comments and the draft to which they relate, see



Comments of

Louis M. Thompson, Jr.

August 19, 2008



I don't often agree with Tim Smith, but on this one, I think he makes some good points. I believe, as I've said before, that if companies do a good job of preparing a clear, understandable and reasonable explanation of their exec. comp. program in the CD&A, that the issue of providing shareholders an opportunity to have a non-binding say on pay will not be as threatening as many now argue. I think the fear comes largely from those who aren't comfortable with their executive comp programs.


Louis M Thompson, Jr.
Managing Director
Kalorama Partners, LLC
Washington, D.C.




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