BOSTON, MA – Boston Common Asset Management and its influential role in Aflac’s decision to become the first major U.S. company to give shareholders a say on executive compensation was featured today on Marketplace, a radio program produced by American Public Media and carried by National Public Radio (NPR).
Aflac’s groundbreaking decision means shareholders will cast non-binding ‘yes’ or ‘no’ votes on the company’s executive compensation packages. Boston Common brought the proposal to the company last year and led a constructive dialogue with management on the merits of giving shareholders a “say on pay”.
Given Boston Common’s overall concern with the decoupling of pay from performance and the widening gap between CEO compensation and that of the average U.S. worker, Boston Common will continue advocating for “say on pay” reform at other companies in its clients’ portfolios.
