in_the_media

Say on Pay stockholder votes becoming more prevalent

Media Outlet: 

Philadelphia Business Journal

The Dodd Frank financial reform law's Say on Pay provision, which gives shareholders the right to voice opinions about executive compensation through a nonbinding vote, has been more eventful recently. Experts say the votes are effective in forcing management to enhance disclosures and justify executive compensation packages. "I think moving forward, you will see a lot more of tying pay to performance," said Steven Balsam, an accounting professor at Temple's Fox School of Business.