Capital Stewards have fighting for years for the right to have a say on executive pay. With the passage of the Wall Street Reform and Consumer Protection Act, shareholders.The Act requires shareholder vote, at lest every three years, on executive compensation. In addition, shareholders must have the right to vote on golden parachutes to be issued as a result of a proxy contest. Institutional investors must disclose how they voted on these issues.

The Act also includes the right for shareholder nominees on the proxy.

For more information:

White House Encourages Say on Pay

Companies Voluntarily Adopt Say on Pay

Say on Pay and Obama Administration (article published by NYU Review of Employee Benefits and Executive Compensation)