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Pollard & Associates
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UK Legislation to Give Shareholders Power Over Executive Pay
Reuters June 20, 2012 "The plans will strengthen the hand of shareholders who currently only have an advisory and non-binding vote on directors' remuneration.... The move follows measures to limit the level of banker's [sic] bonuses following the financial crisis and comes as the European Union considers similar proposals to boost shareholder control over director pay.... Shareholders, led by insurers and large pension funds, have become increasingly critical of what they regard as overgenerous pay for senior executives, especially where corporate performance has been disappointing." |
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