He considered this demanded good corporate governance and effective supervision by the board of directors. The case explores the history of the investor activism of AFSCME on this front and especially its use of investor proposals voted on by shareholders at annual meetings. The case subsequently looks at the issue of executive compensation and the notion that excessive settlement is an indication of poor government. In addition, it discusses the union's Say on Pay propositions that sought to allow investors an advisory vote on the executive compensation. In conclusion, the case provide details on the rise of Countrywide Financial, its fall, the part it played in the mortgage fiscal crisis, and the excessive settlement of its CEO.
PUBLICATION DATE: April 15, 2009 PRODUCT #: 309101-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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