The phrase "approval of pay" is correct and usable in written English.
It can be used in contexts related to financial transactions, payroll processes, or employment agreements where authorization for payment is required.
Example: "The approval of pay for all employees must be completed by the end of the month to ensure timely processing."
Alternatives: "payment authorization" or "salary approval".
Not necessarily the directors, but certainly any approval of pay.
The companies that are required to seek approval of pay packages have until Friday to file proposed employment contracts for their 25 top executives and highest paid employees.
Anger is a common default position when it comes to mass transit, a natural state that the authority nurtures with public-relations stumbles like the recent approval of pay raises for its executives at the very moment that fare increases loomed.
NEW YORK TIMES In Shareholder Say-on-Pay Votes, More Whispers Than Shouts | The Dodd-Frank Act required shareholder approval of executive pay packages, but investors don't seem to care about pay if their stocks are up, Jesse Eisinger of ProPublica writes in his column, The Trade.
He said the association members' approval of the pay deferment would prevent the loss of 36 jobs.
Finance chiefs are not so thrilled, however, with a bill in Congress that would require shareholder approval of executive pay packages.
And the Labor government, with Prime Minister Tony Blair's pro-business policies sitting uneasily atop the party's socialist traditions, has shied from requiring shareholder approval of executive pay.
These voluntary contributions by the Paris staff exemplify what Bill Keller referred to in a newsroom talk at The Times Wednesday as the "spirit of shared sacrifice" reflected in the Newspaper Guild's overwhelming approval of temporary pay cuts of 5percentt covering hundreds of its members.
The other bailed-out bank, Lloyds Banking Group, is also expected to seek approval to pay out bonuses of twice salaries and look at ways of maintaining pay levels by using some form of additional payment.
Bosses at the UK's biggest firms are seeing bonuses reined in ahead of new rules that require shareholder approval for pay policies, research suggests.
The rules also require the automatic approval of any annual pay package limited to $500,000 with additional compensation paid in the form of long-term restricted stock.
