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Farris LLP: Vancouver's Law Firm

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13 October 2008

Al Hudec Appears in Canadian Hr Reporter

Al Hudec, a partner at Farris, appeared in the October 2008 issue of Canadian HR Reporter in an article titled Say On Pay Still Needed? While shareholder groups press for greater involvement in executive compensation, opponents say new CSA rules will improve pay for performance. Early this year, at the annual general meetings of five Canadian banks, shareholder resolutions pushed for “say on pay” - an advisory shareholder vote on executive compensation. The result: About 40 per cent voted in favour, on average. The numbers were higher than expected and an indication of growing concerns about exorbitant executive compensation packages and questionable links to performance. To read the article, download the PDF file here.

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