Exact(10)
Shareholders might be allowed to elect a representative on the committees that help set executive pay.
To ward off a bigger government clampdown, the PwC report calls on remuneration committees – which set executive pay – to take tougher decisions and set tougher targets.
He argued that remuneration committees – the sub-committee of boards that set executive pay – need to be more sensitive to the current mood.
The centre has warned that some companies are ignoring legal requirements to take the pay of ordinary workers into account when they set executive pay, and has called on the Financial Reporting Review Panel to intervene.
His economic policies amount to a huge increase in government spending and a major intervention by the government into the economy -- owning big stakes in financial institutions and possibly General Motors; ordering the dismissal of corporate executives; trying to set executive compensation.
Less than a day after the Obama administration announced a plan to set executive pay levels at bailed-out companies like Citigroup and Bank of America, a spat broke out among members of a House committee on Thursday about the regulation of corporate compensation.
Similar(50)
He wants more corporate-governance rules, including one to let shareholders set executives' compensation.
One way of trying to keep pay in check, or at least narrowing the gap with the wider workforce, would be to elect staff to the remuneration committees that set executives' awards.
Most companies struggle with setting executive performance targets.
Though Mr. Malone is not on the compensation committee that sets executive pay, Mr. Maffei is.
The increase in Mr. Mack's salary was approved by a board committee that sets executive compensation policy.
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