Aim is to improve compensation transparency
Increases equity portion of executive bonuses
Says CEO pay must be subject to board accountability
Corporate directors facing increased workload, greater exposure to risk
Companies offering “unexplained” bonuses are associated with higher default rates, Moody’s says
Investors more concerned about the way the levels are determined than the actual amounts
Information on executive pensions most useful if found in proxy circular
Regulator plans to issue further guidance
Compensation expected to grow by 7% in 2004: study
Officers receive reduced bonuses