Corporate Governance


CORPORATE GOVERNANCE
The House Financial Services Committee held hearings March 8 on a bill to require nonbinding shareholder votes on executive compensation. The bill, introduced March 1 by the committee’s chair, Rep. Barney Frank, D-Mass., would require public corporations to submit their executive compensation disclosures annually for shareholder approval. The vote, however, would not bind or overrule boards of directors. The Shareholder Vote on Executive Compensation Act, HR 1257, also would require disclosure of any “golden parachute” pay and benefits to executives in any proxy solicitation concerning a proposed merger, acquisition or sale of a company. The full text of the bill is available at http://thomas.loc.gov/ .

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.