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Obama's say on pay
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Added by
apesphere on 10 Jun 2009
From: www.latimes.com
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| Image courtesy Jay Tamboli via Flickr |
The Obama administration is to work with the US Securities and Exchange Commission to get new rules requiring shareholder say on executive pay.
The administration also suggested principles on which the pay of executives in public companies should be based.
Treasury Secretary Geithner acknowledged that while the financial crisis stemmed from multiple causes, executive pay was a contributing factor.
Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services
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- Topics: Politics & Regulation, bankers pay, boardroom pay, communities, corporate governance, economic crisis, executive compensation, executive pay, financial services, investors, mortgage crisis, obama administration, remuneration committee, remuneration policies, say on pay, securities and exchange commission (us), shareholder resolutions, timothy geithner (us treasury secretary), usa & canada
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