Spring is in the air, and so the 2006 annual meeting season gets underway—with executive compensation and majority voting for directors expected to dominate this year’s shareholder confabs.
Both issues come as little surprise. Executive pay looms large because the Securities and Exchange Commission is proposing a far-reaching overhaul of compensation disclosure, long a sore point with pension funds and governance watchdogs. Majority voting, meanwhile, has been pushed onto the annual meeting agenda by shareholder activists at dozens of companies.
