Amendment sought to establish a trigger that would have to be met before shareholders could vote on executive compensation packages by requiring that executive compensation exceed by 10 percent or more the average compensation for comparable industries in that particular sector.

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Amendment Number
93
Description
Amendment sought to establish a trigger that would have to be met before shareholders could vote on executive compensation packages by requiring that executive compensation exceed by 10 percent or more the average compensation for comparable industries in that particular sector.
Purpose
An amendment numbered 5 printed in the Congressional Record to insert a new paragraph outlining conditions triggering a vote.
Congress
110
Type
HAMDT
Latest Action Date
Apr 20, 2007
Latest Action Text
On agreeing to the Garrett (NJ) amendment (A006) Failed by recorded vote: 155 - 244 (Roll no. 237). (consideration: CR H3707-3708)
Latest Action Time
10:52:21
Submitted Date
Apr 18, 2007
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 93 — Informed