Exact(11)
"You can imagine virtually all retail shareholders supporting resolutions that would limit or link executive pay to performance".
According to Ceres' report, 24% of companies now link executive compensation to sustainability performance, up from 15% in 2012.
As always, incentives matter: the decision came shortly after shareholders voted to link executive compensation to how well Walmart stores are stocked.
One would separate the chief executive and chairman jobs, and the other would link executive pay to the rebuilding of the core business.
Only a third of the 613 companies' boards of directors formally oversee sustainability performance, while a quarter link executive compensation to sustainability performance.
Even worse, only 3% link executive compensation to voluntary sustainability performance targets – such as greenhouse emission reductions – that go beyond goals required for compliance with laws and regulations.
Similar(47)
The shareholders of the Phillips Petroleum Company have rejected a stockholder proposal to link executives' pay to increases in the company's market-capitalization ranking, compared with its rivals.
In the end, the frustration expressed over the lack of any prominent criminal prosecutions of bankers that captured the public's imagination like the case against Mr. Skilling may be less about the standard for proving a violation than finding proof to link executives to decisions that were clearly criminal.
Some companies have reduced discretionary bonuses and linked executive pay more closely to performance metrics like revenue and share price.
In addition, the budget has developed as a principal tool in planning future programs, deciding priorities, managing current programs, linking executive with legislature, and developing control and accountability.
The company also said it would begin more closely linking executive compensation to financial goals and return on capital each year.
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