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The unintended consequences of say on pay


The Unintended Consequences of Say on Pay Votes

The Unintended Consequences of Say on Pay Votes · Misalignment with the business strategy and talent needs · Not cost effective, resulting in ...

The unintended consequences of say on pay - Cooley PubCo

When egregious pay packages are given to executives, a say-on-pay vote, compulsory or not, binding or not, will always be much less effective ...

Are responses to failed say-on-pay votes consequential?

Say on pay was expected to help rein in excessive levels of compensation and, even though the vote was advisory only, ascribe some level of ...

Is Say on Pay All About Pay? The Impact of Firm Performance

The “say on pay” vote was designed to rein in excessive levels of executive compensation and to encourage boards to adopt compensation structures that tie ...

Responding to Weak, But Not Failed, Say-on-Pay Results

Why? Unintended, subpar say-on-pay results will bring increased shareholder and proxy advisory firm scrutiny in the subsequent year, potentially resulting in ...

Say-on-Pay: Less May Be more - Cleary Gottlieb

In 2008, Aflac became the first U.S. company to hold a say on pay vote. ... can be expected to result in unintended consequences. Multi-year votes would ...

The 2023 Say on Pay Season – Outcomes and Observations

Say on Pay (SOP) votes were mandated by the Dodd-Frank Act of 2010 as a mechanism to allow shareholders to voice their opinions about the ...

Say on Pay Laws and Insider Trading | The Accounting Review

We examine whether mandatory adoption of say on pay increases executives' incentives to engage in insider trading to compensate for the negative impact of say ...

Say-on-Pay: Wrong Solution, Wrong Problem | Troutman Pepper

Rather, the real problem is that shareholders have no practical ability to voice their disapproval regarding company performance – other than ...

Say-on-Pay: Is Anybody Listening?

It can be implemented by shareholder proposals or through legislation, and the effect of say-on-pay measures can be binding or non-binding, ...

Shareholder Activism Through Say-on-Pay - CLS Blue Sky Blog

We also contend that the unintended consequences of this corporate governance mechanism remain relatively unexplored. Given the potential impact ...

Early Say on Pay Trends Show Tide Turning Toward More ... - Equilar

Say on Pay failures (or poor showings) put issuers in a difficult position. The most straightforward action, which most companies take, is to ...

The Politics of Pay: The Unintended Consequences of Regulating ...

In contrast, results from nonbinding advisory shareholder votes on executive compensation (“Say on Pay”) suggest that shareholders are ...

Say-on-Pay: Is Anybody Listening? - Multinational Finance Society

A. Unintended consequences of say-on-pay. Although the goal of say-on-pay has always been to give shareholders a voice in setting executive compensation, it ...

IN-DEPTH: Shareholder seeks greater say on director compensation

Unlike the current system of advisory "say on pay" votes on executive compensation which cannot be construed as overruling a decision by the ...

Unintended Consequences of Say-on-Pay: Are Bondholders Hurt ...

First, we present ground-breaking evidence of bondholder reaction to shareholder proposals. Unfortunately, the realignment of manager and shareholder interests ...

The Politics of Pay - Executive Compensation - ResearchGate

These findings are consistent with those of Murphy and Jensen (2018) , who found that regulating CEO pay leads to unintended consequences such ...

Should Say-on-Pay Votes Be Binding? - CLS Blue Sky Blog

The practice of allowing shareholders to cast non-binding say-on-pay votes has spread quickly and broadly throughout the world.

Say on pay laws, executive compensation, pay slice, and firm ...

Second, previous studies focusing on SoP laws have not analyzed the potential consequences of such laws on executive pay policies conditional on the strength of ...

Harvard Business Law Review

Other studies have examined the effect of say on pay in multiple countries. See, e.g., Ricardo Correa & Ugur Lel, Say on pay laws, executive compensation, pay ...