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March 5, 2009 Forum Report:

Initiation of “Say on Pay 2009” Clearinghouse



Forum Report


Initiation of “Say on Pay 2009” Clearinghouse


            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


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.

Inquiries about this Forum program and requests to be included in its distribution list may be addressed to

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.