House approves measure to regulate bankers' compensation

In a 237-185 vote, the House approved legislation that would give authority to federal agencies to regulate executive compensation. The measure, which goes beyond requests from the White House, would give a nonbinding vote on pay to shareholders and prohibit directors who sit on compensation committees from maintaining financial ties to the firm. The Senate will consider the proposals in September.

View Full Article in:

Financial Times (tiered subscription model) · Los Angeles Times (tiered subscription model)

Published in Brief: