New SEC chief favors “say on pay” - 2 Feb 2009

The new SEC chairman has come out in favor of giving shareholders an
advisory vote on executive pay. In response to questions posed to her
during her Senate confirmation hearing, Mary Schapiro answered that
executive compensation has been a persistent concern of hers and that
“it’s an appropriate measure to give shareholders an advisory vote on
these matters.” The House passed a so-called say-on-pay bill in the
last Congress, but the Senate never took up the issue.