OSC chairman among those paid more than $700,000 last year
Firms have developed systematic approaches towards reflecting risk in performance measurement
Advisory vote will allow shareholders to clearly express their views of executive compensation
The UK’s Financial Services Authority has published a consultation paper that contemplates making a rule concerning compensation policies, and applying it to large banks and broker dealers.The FSA code of practice has a general requirement that ‘a firm must establish, implement and maintain remuneration policies, procedures and practices that are consistent with and promote effective […]
Sun Life Financial Inc. will provide its shareholders with an advisory vote on executive compensation at annual meetings, the company said Wedesday.The non-binding advisory vote will be submitted to shareholders beginning at Sun Life’s annual meeting to be held in 2010.On Tuesday, TMX Group said it would allow is shareholders to hold a non-binding vote […]
First vote to take place in 2010
CEO waives right to severance pay
Several of Canada’s banks have indicated their intention to provide investors with an advisory vote on executive compensation, Meritas Mutual Funds announced Thursday.Such votes have become known as “Say on Pay”.Investors at CIBC and Royal Bank of Canada passed motions Thursday demanding the companies give them a voice on executive pay through non-binding shareholder votes […]
Bank to give shareholders a say on executive compensation
The UK’s Financial Services Authority has published a proposed code of practice concerning the pay policies of financial firms.The draft code aims to “ensure that firms have remuneration policies which are consistent with sound risk management, and which do not expose them to excessive risk”.The regulator stresses that the code does not try to set […]