Executive pay battleground
Filed in archive executive pay by leon on January 05, 2006

In an interview on NPR, Nell
Minnow, co-founder of the Corporate Library, talks about possible directions for the "Jack Welch GE Commemorative Disclosure Rules" and about the loopholes in the system that allow the rampant abuse to continue. While the audit committees and nomination committees are doing a better job, the compensation committees are failing.The Conference Board seems to have picked up on that point. In its report here, it calls on compensation committees to do a better job controlling consultants.
According to the report, it's best to make sure they are independent of management so that they can give objective, neutral advice.
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