Abstract
Say on pay is nowadays a generally accepted corporate governance tool to address excessive executive pay practices. Whereas controversial say-on-pay resolutions are seldom defeated in AGMs, they can face significant minority shareholder opposition. Recently, several countries amended existing say-on-pay rules to attach various legal consequences to significant minority shareholder revolt. This article discusses the desirability of new rules in the UK, Australia and the Netherlands from a legal and practical perspective.
Original language | English |
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Article number | 3 |
Pages (from-to) | 114-120 |
Number of pages | 7 |
Journal | European Company Law |
Volume | 2019 |
Issue number | 4 |
Publication status | Published - Jul 2019 |