Tuesday, May 29, 2007
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.