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December 2, 2008 Forum Report:

Observations on Responsible Use of “Say on Pay”



Forum Report


The Debate About Mandating Universal “Say on Pay”

            Eric Nowak has provided us with a written summary of the observations he presented verbally at the Forum's October 14th open meeting:

Whether you agree or disagree with Professor Nowak's position on the merits of legislative imposition of universal “Say on Pay,” you should appreciate his concluding observations about the need to prepare for it.  Those of you who want to help decide how that can be done are welcomed to attend this Thursday's open meeting.

(Please remember that you'll need to request a reservation if you wish to attend the meeting.)


           GL – December 2, 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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