Say-on-pay provides for which of the following?
A)Shareholders must be given the opportunity to cast an advisory vote on whether they support a proposed executive compensation package.
B)Shareholders must be given the opportunity to cast a binding vote on whether they support a proposed executive compensation package.
C)Employees must be given the chance to express their views on executive compensation to the company board of directors.
D)Boards of directors can veto executive compensation decisions.

Question

Quizplus · Accepted Answer

Say-on-pay provides for shareholders to have the opportunity to cast an advisory vote on whether they support a proposed executive compensation package. This means that the vote is non-binding and serves as a way for shareholders to express their opinion on executive compensation.

Say-On-Pay Provides for Which of the Following