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Aflac Incorporated
Aflac Shareholders Have Their 'Say-on-Pay,'
May 23rd, 2008
In a historic vote yesterday, the shareholders of Aflac Incorporated overwhelmingly approved the company's pay-for-performance compensation policies and procedures. 93% of votes were cast in favor with only 2.5% against Aflac's compensation practices in a vote commonly referred to as "Say-on-Pay." In March 2008, Aflac Incorporated's board of directors released the proxy statement language that formally invited shareholders to vote on the company's performance-based compensation policies. This action marked the first time shareholders were empowered to vote on executive compensation for an American public company. "At Aflac we have long believed in...
Source: Health Business Week (2008-05-23)
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