A shareholder group that doesn´t want to know!
Onésimo Alvarez-Moro
See article:
New regulations or mandatory shareholder votes on executive compensation aren't necessary, since Canadian corporate boards are better positioned to decide on these matters, says a group set up by some of the country's largest institutional investors.
The Canadian Coalition for Good Governance, which represents 49 institutional investors with a combined $1 trillion in investments under management, said yesterday it won't support "any regulatory changes or recommend universal backing for resolutions" that would introduce mandatory, non-binding, shareholder votes on executive pay.
The coalition said Canadian companies have already improved executive pay practices, addressing disclosure issues and improving shareholder involvement.
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