On September 21, the Conference Board released a timely report entitled "The Conference Board Task Force on Executive Compensation". The Report offers a private sector solution to the issue of executive compensation, and contains five guiding principles for setting executive compensation designed to restore credibility with shareholders and other stakeholders.
The Report may be found here:
The Conference Board's Report on Executive Compensation
The principles have been endorsed by several major corporations, but are these recommendations too little, too late to forestall action by Washington DC?
