Sound, Fury - and Reasoned Response by ProQuest

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In these unprecedented times, legislators in the US (and elsewhere) are taking aim at corporate governance of executive compensation and at an array of specific pay practices, from base salary increases to incentive awards to severance and even to corporate jets. Like it or not, Congress is likely to require publicly traded companies to provide shareholders with an advisory vote on executive pay in time for the 2010 proxy season. In anticipation of say on pay next year, companies should be thoughtful about actions they take this year such as: 1. Severance benefits should be revisited. 2. Incentive plans should be carefully reviewed. 3. Use common sense.

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