More on C-Suite and Board of Directors responsibilities. Good read…….for entrepreneurs and small business owners unfamiliar with laws and legal interpretation of leadership and governance.
Excerpt…..The law is clear in all American jurisdictions that setting compensation policy and structuring compensation agreements are decisions reserved for directors and not shareholders. That is why say on pay resolutions are advisory and do not carry mandatory force.
Read full article…..via Inside the Boardroom: Responding to a Negative Say on Pay Vote — The Harvard Law School Forum on Corporate Governance and Financial Regulation.
