The Center On Executive Compensation submitted extensive comments to the six agencies charged with collectively implementing Dodd-Frank Section 956, which imposes significant restrictions on incentive plan designs for select financial services companies, making a strong case that a final rule should focus more narrowly on actual risk potential and warning of the dire recruitment and retention consequences which would result from the proposal.
Center On Executive Compensation CEO Tim Bartl testified this week before Congress in support of legislation requiring proxy advisory firms to register with the SEC and address conflicts of interest, stating that "where the Commission has provided effective oversight, it has had a substantial impact on proxy advisory firm diligence and conduct."
Over the past month or so, several different outlets have published widely varying reports on the growth of CEO pay. Has it gone up or down? Depends on who you ask.
In 2015, nearly four of five S&P 500 companies received shareholder support for their say on pay proposals which exceeded 90%. Nine of ten companies received support exceeding 80%.
In 2010, the Securities and Exchange Commission issued a Concept Release on the U.S. Proxy Plumbing System which included an discussion on the conflicts of interest inherent in the proxy advisory firm industry.