4 ms·
It’s neat to see a high profile case of Say on Pay (from Dodd Frank) actually working in the wild. It’s an advisory vote, so the company doesn’t have any legal
by paulgb 4y ago
It’s neat to see a high profile case of Say on Pay (from Dodd Frank) actually working in the wild.
It’s an advisory vote, so the company doesn’t have any legal obligation to act on it. But it forces the company to take a straw poll and share the results, which can be enough to nudge them into acting on it, even when only ~35% disapprove.
https://en.m.wikipedia.org/wiki/Say_on_pay https://en.m.wikipedia.org/wiki/Say_on_pay