Hearing Examines Executive Pay and Compensation Consultants

by Sabrina I. Pacifici on December 5, 2007

“On Wednesday December 5th the [House Oversight and Government Reform] Committee held a hearing to examine the role played by compensation consultants in determining the pay packages of senior executives at the largest publicly traded corporations. Corporate governance experts, institutional investors, and compensation consulting firms testified regarding the role of consultants in setting executive pay, efforts to prevent and manage conflicts of interest, and the adequacy of the information available to shareholders and the public. During the hearing, Chairman Waxman released a report regarding conflicts of interest at executive compensation firms.”

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