2 | Title Here
Director
& Executive
Compensation
2009 Trends in
Corporate Governance of the
Largest US Public Companies
The economic downturn in 2008 and the turmoil in global financial
markets, as well as a growing skepticism over high executive
payouts, have increased the pressure on executive compensation.
In October 2008, the US federal government implemented its
Troubled Asset Relief Program ("TARP") and authorized the
investment of over $700 billion of public funds in distressed
financial institutions. A condition to the passage of TARP was the
inclusion of strict limits on executive compensation. Since the
passage of TARP, there have been a number of significant legislative
proposals and rulemaking initiatives that impact the compensation
practices and policies at most US public companies.
