By:  Cydney Posner

You might be interested in the article from today's Washington Post regarding the growth of shareholder activism surrounding the executive compensation issue. There have been an increasing number of shareholder proposals that have garnered an increasing level of support. For example, the United Brotherhood of Carpenters and Joiners of America's "pay for superior performance" proposal, on the ballot at 17 companies, asks companies to withhold incentive compensation from chief executives unless earnings or shareholder returns outperform median performance by the company's peers. The article reports that the proposal drew 39% support at Dupont on Wednesday and is pending at 14 other companies: " 'You should get superior pay for superior performance. What we have now is superior pay for average or below-average performance,' said Ed Durkin, director of corporate affairs for the carpenters union."

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as "Cooley"). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction, and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. When advising companies, our attorney-client relationship is with the company, not with any individual. This content may have been generated with the assistance of artificial intelligence (Al) in accordance with our Al Principles, may be considered Attorney Advertising and is subject to our legal notices.