Ethical Performance

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Insurance group Aflac has become the first big US company to hold a shareholder vote on executive pay. American companies are not required by law to have such votes, but Aflac’s decision is expected to set a trend. Already the telephone company Verizon has decided to follow suit. Last year the House of Representatives passed the Shareholder Act on Executive Compensation, which requires companies to hold a vote of approval on the remuneration of top executives. However, the bill, which was introd...

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