Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, May 29, 2007

Aflac Board Adopts Say on Pay

The insurance company Aflac is the first company voluntarily to adopt an advisory shareholder vote on executive compensation, beginning in 2009.  A Washington Post column says that the company agreed to it because it prides itself on never having had a shareholder's proposal on its proxy statement.  The article also highlights some of the votes on "say on pay" proposals at recent shareholders meetings.  See WPost, Aflac Looks Smart on Pay.

http://lawprofessors.typepad.com/securities/2007/05/aflac_board_ado.html

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