The House Committee on Financial Services is expected to vote today on a bill that would require corporations to hold an annual non-binding vote on executive compensation, said Steven Adamske, aide to the committee. If approved, the bill — written by Rep. Barney Frank, D-Mass., chairman of the committee — would move to the full House for consideration.
The committee is also considering an amendment that would exclude the non-binding vote for companies that allow directors to be chosen by a majority of votes cast, said Myal Greene, spokesman for Rep. John Campbell, R-Calif., who offered the amendment.
