In February 2010, the SEC requirements for disclosures on risky compensation plans took effect, and this had some potential to drive compensation reform, but this turned out to be unrealized potential.
Recent attempts to reform compensation overlook how complicated the compensation process can be.
This reform will curb excessive risk-taking, reduce leverage, reform compensation, protect consumers, bring transparency and more competition to derivatives markets, address the problem of firms that are too big to fail, and make sure taxpayers do not bear the costs when firms do fail.
WSJ: Lawrence Summers and Timothy Geither: Our Agenda for the G-20
To "change what's broken about the banks, " it needs to encourage securitization of "good" loans, and it needs to reform executive compensation structures.
This means we can argue against high-stakes testing (against the current reform trend) but in favor of reforms to teacher tenure, compensation and so forth (pro-reform positions).
During his campaign he has spoken eloquently about the need to slash and simplify taxes and to reform workers' compensation and job-killing regulations.
The board didn't even announce steps to reform how executive compensation was to be calculated to shift rewards to long-term, real value creation rather than quarterly earnings gamesmanship.
Issue 2, if passed, will uphold Senate Bill 5, a Republican attempt to alleviate looming budget problems by decelerating the expansion of employee compensation packages via collective bargaining reform.
FORBES: Buckeye State Collective Bargaining Battle Could Be National Bellwether
Stanford flew a handful of its professors to New York, reserved a conference room at Skadden, Arps law firm, and invited a group of journalists to hear talks on financial services reform, executive compensation, accounting and corporate finance.
The previous Labour government had attempted to reform the civil service compensation scheme, which can result in some senior civil servants being paid more than six times their annual salary.
The two sides have been trying to come to a more amenable set-up in the past few months, with Fifa's head of legal affairs telling the BBC that reform was possible - the establishment of an insurance and compensation fund has been suggested.
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The President discussed quite clearly the very real concerns that he has and he enumerated last evening, and has for quite some time, about executive compensation -- which is why a say-on-pay is in the financial reform legislation that passed the House last Friday, which the President believes in very important.
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