Gustavo Ballvé on September 10th, 2012
Corporate Governance, Food for thought, Home

Stanford professors look at Say on Pay provisions around the world and find 10 myths surrounding the debate (full PDF right here). While it’s a very interesting and thought-provoking read, there’s a lot to be argued for and against each myth as it’s presented. For instance, I agree with Myth #10 about proxy advisory firms begging attention, since they sometimes take a less-than-clear path in their recommendations. I tend to agree with the finding that shareholders apparently don’t want say on pay provisions – but I most certainly don’t agree that the “evidence” mentioned in Myth #2 is the right one for proving this conjecture. That goes on throughout the article, which is why I find it an interesting debate-starter on the subject despite some flaws.

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