Aflac gives shareholders non-binding vote on executive pay - Feb. 14, 2007

News Type: Event — Seeded on Thu Feb 15, 2007 10:27 AM EST

Article Source: CNN

business, wall-street, stock, shareholders, executive-pay, board-of-directors, ceo-bob-nardelli

Aflac's hat-tip to investors portends a possible trend in giving shareholders a voice in executive compensation. This is a great example of corporate accountability.

Aflac said Wednesday its board approved a resolution giving shareholders the right to a non-binding vote on executive pay packages that will take effect in 2009.

"Our shareholders, as owners of the company, have the right to know how executive compensation works," Aflac CEO Dan Amos said in a statement.