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Shareholder approval of golden parachutes tied to M&As swells in 2013

More investors give nod to M&A-related executive pay packages despite advice from ISS

Despite different advice from proxy advisers, an increased number of shareholders voted in favor of so-called golden parachutes tied to corporate acquisitions last year.

In 2013, there were 141 votes on executive compensation packages, which were linked to mergers and acquisitions (M&As), of which 86 percent passed, according to figures the Wall Street Journal obtained from FactSet SharkWatch. This number is an increase from 82 percent the prior year on 113 votes.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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