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January 25, 2012

At CorporateCounsel.net: UK considers shareholder Say-on-Pay and performance-based Bonus Clawbacks for execs.

See one of today's posts at Broc Romanek's TheCorporateCounsel.net. Excerpts:

The United Kingdom has been on a path to revise its executive compensation laws to rein in excessive pay. Yesterday, the UK announced a slew of proposals that would push the envelope in the executive pay area...:

- Say-on-pay votes would be binding
- Approval threshold increased to 75% from 50%
- At least two compensation committee members would have no prior board experience
- Clawbacks of bonuses if executives failed
- Enhanced disclosures

Posted by JD Hull at January 25, 2012 11:59 PM

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