Author Question: Firms that offer part-time employment opportunities are shown to benefit from improved worker ... (Read 101 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
Firms that offer part-time employment opportunities are shown to benefit from improved worker productivity and reduced employee turnover.
 
  Indicate whether this statement is true or false.

Question 2

Describe in a brief essay what say-on-pay policies and clawback policies are. Why do corporations implement these policies?
 
  What will be an ideal response?



yeungji

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

Answer: TRUE

Answer to Question 2

Answer: For many years executive compensation practices in U.S. companies has created much debate on the public stage, regarding whether CEOs is truly based on performance and the fairness of CEO pay relative to pay of other employees. The provision for say on pay gives shareholders in all but the smallest companies an advisory vote on executive pay. This is something that governance advocates have long wanted. Those who support the concept of say on pay believe that the vote will cause greater accountability on executive pay decisions. The Dodd-Frank Act requires 5,000 companies to hold nonbinding shareholder say-on-pay votes at least every three years. Companies must also hold shareholder votes on the frequency of say on pay with the option of one, two, or three years, or to abstain. Frequency votes are required to be held every three years. A clawback policy allows the company to recover compensation if a later review indicates that payments were not calculated accurately or performance goals were not met. The Dodd-Frank Act requires companies to develop clawback policies to recover compensation later deemed excessive. The clawback is a procedure included in an executive's employment contract that allows the company to recover payments made through performance-based incentives under certain circumstances. It requires executives to return incentive pay if the results on which it was granted are later adjusted downward for any reason.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

For a complete list of videos, visit our video library