An Act relative to excessive executive compensation
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill, titled ‘An Act relative to excessive executive compensation,’ aims to address concerns about high executive pay in Massachusetts. It seeks to establish a framework for reviewing and potentially regulating executive compensation packages, particularly those deemed excessive by the state. The bill intends to increase transparency and accountability in how companies determine executive pay. It also seeks to ensure that executive compensation is aligned with company performance and broader economic conditions.
Key provisions
- Requires companies to disclose information about executive compensation.
- Establishes a process for reviewing executive compensation packages.
- May consider a ‘single sales factor’ approach to determining executive pay.
- Focuses on addressing compensation deemed excessive.
- Promotes transparency in executive pay practices.
- Aims to align executive pay with company performance.
- Creates a mechanism for potential regulation of executive compensation.
Who is affected
- Corporations operating in Massachusetts
- Executive officers of Massachusetts corporations
- Shareholders of Massachusetts corporations
- The State of Massachusetts
- The Massachusetts Legislature
Notable changes
- Potentially introduces a ‘single sales factor’ method for determining executive pay.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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