Securities Law Prof Blog

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

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.

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