- Governance Canada - http://www.governancecanada.com -

Executive Compensation and the Right of Shareholders to Vote ‘Against’ the Election of Directors

‘Majority voting policies” and “say on pay” non-binding votes are ineffective means for shareholders to express and voice their concerns on board decisions on executive compensation. To exert their relevant influence as owners, shareholders need the right to vote “Against” the election of directors, not simply to “Withhold” a vote, and to be granted more practical “proxy access” to nominate individuals for election as directors’.

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