Yep, proxy season is upon us again. Not surprisingly, shareholder votes on executive compensation will dominate this year’s activism, but senior executives and board directors will still have plenty of other worries as well.
2011 is the first year that all publicly traded companies must give their shareholders say-on-pay votes (thank you, Dodd-Frank Act), and ask shareholders how often such votes should be held in the future. While the votes are non-binding, they are being watched closely as barometers of shareholder sentiment on executive pay.
