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The Shareholder Awakens; Corporate Governance
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 399 no. 8728 (Apr. 2011)
,
page 61.
Topik:
Goldman Sachs
;
Shareholder
;
Financial-reform Law
;
Financial Institutions
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.65
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The nuns who are challenging Goldman Sachs's claim to be doing "God's work", by bringing a shareholder resolution questioning the bank's executive-pay policies, are but the tip of an iceberg. Thanks to a "say on pay" clause in last year's Dodd-Frank financial-reform law, the pay of every senior executive of an American public company is now subject to a shareholder vote. So far in this spring's corporate annual-meeting season, the management has lost such votes at four firms, the most prominent being Hewlett-Packard, a computing giant. Given the current mood of banker-bashing, it will be no surprise if there are similar results at Goldman Sachs and other financial institutions: all eyes will be on the first of the big banks to hold its vote, Citigroup, on April 21st.
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