April 10, 2015
Amalgamated Announces More Agreements to Limit Parachute Payments
– Broc Romanek, CompensationStandards.com
Last week, Amalgamated Bank announced that five major energy companies have agreed to new measures that will limit potential golden parachutes for executives in the event of a merger or other change of company control. Amalgamated has negotiated several similar agreements with major companies since pioneering the first shareholder resolution on the topic in 2011 and this announcement coincides with news that CII has approved a new policy to urge the same policies at companies across the market.