Board evaluation – or what?
‘A board should not be fearful of an external evaluation process. Evaulation, if well shaped and properly “socialised”, will provide the board with the opportunity to view itself in the context of its own challenges and respond to those challenges in a measured and strategic way.’
Say-on-pay US style
‘There is an expectation among the shareholder community and its advisers that the results of the votes and the information received in connection with related shareholder outreach will be taken into consideration when companies make future executive compensation decisions. Whether and how companies do so, and how shareholders subsequently react, will play out over the next couple of years.’