Write a brief team paper (two page maximum) addressing the following questions on the Dodd-Frank Act:
- As you know, one of the primary responsibilities of the Board of Directors is to hire, fire, and compensate the CEO. Does "Say on Pay" undermine or compliment the duties of the Board of Directors?
- What are the advantages and disadvantages of "Say on Pay"? Is "Say on Pay" useful? Does it matter since the votes are nonbinding?
- If "Say on Pay" is useful, why not have shareholders vote on every major decision the Board faces?
- Where does the issue of Proxy Access (that ability of shareholders to propose their own nominees for directors) currently stand?
When you are finished, choose a team leader to submit your paper by the due date.