US companies opening up remuneration debates

Via Compliance Week:

Aircraft manufacturers, Lockheed Martin Corporation (NYSE: LMT) , is conducting an online survey of stockholders on its executive compensation (remuneration) practices. Results will be reviewed by the Management Development and Compensation Committee of Lockhee’s Board of Directors.

Prudential (NYSE: PRU) has a section on their website where one can email the independent directors (an email address going to all of them, interesting!) to make comment on pay practices. Its not indicated how these results will be audited or reported on.

What I like about is the effort that is being made, as well identifying the role of the independent directors and the implication of their resposibilities.

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