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Our Blogs Core Dump HP stockholders invited to vote for executive compensation vote
Our Blogs Core Dump HP stockholders invited to vote for executive compensation vote | HP stockholders invited to vote for executive compensation vote |
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| by Stephen Withers | |
| Monday, 19 January 2009 | |
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Giving shareholders a chance to vote on the subject - even if the outcome is not binding on the board of directors - allows them to send a very specific message to the board. HP will use its 2010 annual meeting to present stockholders with a proposal to introduce an annual non-binding advisory vote on executive compensation policies and procedures. If approved, such a vote will be conducted at the 2011 and subsequent annual meetings. "We have adopted this procedure because executive compensation involves important issues relating to corporate governance," said Mark Hurd, HP chairman and chief executive officer. If it's that important, why the delay? The company's 2009 meeting isn't until March 18, so why isn't this matter going on the agenda this year? Then the first advisory vote could take place in 2010 rather than 2011. What's happening elsewhere on this matter? Please read on. |
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