Case | HBS Case Collection | 2008 (Revised from original 2007 version)

Say on Pay

by Jay W. Lorsch, V.G. Narayanan and Alexis Chernak

Abstract

Briefly describes the trend in 2006 and 2007 in the United States to give shareholders an advisory vote on executive compensation. Highlights a few examples where shareholders have successfully garnered a majority in support of an advisory vote measure on company proxy ballots, and describes discussion within Congress on the matter.

Keywords: Voting; Corporate Governance; Governing and Advisory Boards; Executive Compensation; Business and Government Relations; Business and Shareholder Relations; United States;

Citation:

Lorsch, Jay W., V.G. Narayanan, and Alexis Chernak. "Say on Pay." Harvard Business School Case 407-129, April 2008. (Revised from original June 2007 version.)