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Good grief! What's with the SEC and exec pay? This government is continuing to insert itself unwisely in boards' confidential decisions. Where is the outrage?(GUEST COLUMN)

Publication: Directors & Boards
Publication Date: 22-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
THE SEC IS FORCING a sampling of 350 public companies to more specifically disclose the compensation, benchmarking, and forecasting decisions of their boards and compensation committees. This insistence on increased disclosure--in the "public interest of helping investors better discern" this...

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...information--bodes ill for all fiduciaries, whether public, private, or not-for-profit.

This intervention must be turned back by the corporate community before critical leadership prerogatives have been destroyed forever.

Where is the outrage that this government is continuing to insert itself in boards' confidential decisions on "how the company arrived at particular levels and forms of compensation"?

Isn't the ROI of a CEO's compensation measured, with other factors, in the corporation's ability...

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