October 15, 2009
Say-on-Pay: Prudential Becomes First to Adopt Biennial Model
– Broc Romanek, CompensationStandards.com
Recently, I blogged about how Microsoft became the first company to take a triennial approach to say-on-pay. Yesterday, Prudential adopted a biennial model – starting with its 2010 annual shareholders’ meeting, the company will have a non-binding say-on-pay on its ballot every other year.