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Pay transparency makes sure employers have to justify pay decisions.
Walker, at least, tried to show how tricky these bonuses and pay decisions supposedly are.
Forcing the company to justify its compensation practices, he said, may result in better pay decisions.
Individual pay decisions will result in unfairness and less mobility in the teacher job market".
"Think about why certain pay decisions might have been made," she says.
What is not so evident is the proxy advisors' impact on the executive pay decisions of directors.
Nasdaq also wants companies to have independent directors make decisions on executive pay decisions and choose new board members.
Shareholders generally allowed boards to make pay decisions in 2000, though murmurings of discontent were on the rise.
Instead the administration is seeking to influence pay decisions through several changes in the way corporations govern themselves.
These pay decisions are "extremely difficult," intones £750,000-a-year non-executive chairman Sir David Walker.
Companies "do need something in making pay decisions, downsizing decisions," said Jim Kochanski, a consultant with Nextera Enterprises.
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