The S.E.C. letters addressed issues including performance targets for executives, Mr. Nester said.
Pirc also says that performance targets for various incentive schemes are inadequately explained.
In previous years, the board had set performance targets for three-year periods.
Under that agreement, Diageo said, Burger King had to satisfy "certain performance targets" for the deal to be completed.
The directors reviewed internal performance targets for most, if not all, of the company's operations, those people said.
He will have to hit performance targets for these awards to pay out in 2013 and 2014.
For those worried this is asset-stripping or profit-at-all costs, performance targets for academies could justify these changes".
Network Rail has missed its train performance targets for this year and will face a penalty from the industry regulator.
On a separate motion, 20% failed to support an executive-pay plan lowering performance targets for bonuses.
Schools that did not meet performance targets for two years were labeled as needing improvement and subjected to sanctions.
Senate Democrats want to require states to put in place rigorous standards and set performance targets for students.
