Study by Heidrick & Struggles and USC's Marshall School of Business also shows wide dissatisfaction with SEC disclosure rules
CEO pay is "too high in most cases," say about one in three directors of U.S.-based public companies in a just-released survey by Heidrick & Struggles International, Inc. (Nasdaq: HSII) and the Center for Effective Organizations (CEO) at the University of Southern California's Marshall School of Business.
The survey also found widespread unhappiness among directors regarding disclosure rules about executive compensation mandated by the U.S. Securities and Exchange Commission. The rules were unveiled with great fanfare to give investors and corporate watchdogs better, timelier information about pay and other compensation for top executives. Despite those intentions, most directors said they doubt the rules are meeting the needs of investors.
"Executive compensation and how that information is disclosed have been controversial for some time. But what this survey unmistakably shows is that the issues are a growing concern even among the people most responsible for dealing with them: the board members of public companies," said Dr. Ed Lawler, CEO director and a distinguished professor of business at USC Marshall.
See full Press Release.
Posts
