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August 27, 2008 Forum Report:

Plans for Initial Open Meeting on October 14, 2008



Agenda for October 14, 2008 Meeting



Forum Report


Plans for Initial Open Meeting on October 14, 2008


            The date for the first open meeting of the Shareholder Forum program for “Say on Pay” has been set for Tuesday, October 14, 2008.  It will be conducted from 3:00PM to 5:00PM at a New York City location to be determined.


            As you might have assumed from the Forum distributions, this initial SOP meeting’s objective of defining relevant issues will be challenging.  Some of what needs to be considered has been suggested in Jeffrey Gordon’s paper and responsive comments, and we have invited Professor Gordon to start the meeting with a review of his observations.  To help us understand the broader context of European investor and regulatory reactions to executive compensation issues, we have also invited Professor Eric Nowak of the Swiss Finance Institute and University of Lugano to discuss his observations as a member of the Advisory Board of the European Group for Investor Protection (“egip”).  Focusing on how investor and corporate decision-makers might deal with a US adoption of SOP, we plan to organize one or more informal workshops to develop suggestions of practical information and procedural requirements that might be considered at the meeting.


            Your advice to guide our development of the meeting agenda will be welcomed.  I will of course be reporting more details of the meeting as we progress with plans.


           GL – August 27, 2008


Gary Lutin

Lutin & Company

575 Madison Avenue, 10th Floor

New York, New York 10022

Tel: 212-605-0335






This Forum program is open, free of charge, to anyone concerned with investor interests relating to shareholder advisory voting on executive compensation, referred to by activists as "Say on Pay." As stated in the posted Conditions of Participation, the Forum's purpose is to provide decision-makers with access to information and a free exchange of views on the issues presented in the program's Forum Summary. Each participant is expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

The organization of this Forum program was supported by Sibson Consulting to address issues relevant to broad public interests in marketplace practices, rather than investor decisions relating to only a single company. The Forum may therefore invite program support of several companies that can provide both expertise and examples of performance leadership relating to the issues being addressed.

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