say on pay
 n.— «Labor unions who own Apple shares through pension funds, have put up proposals that require options to be priced on the day they are granted to eliminate the practice known as backdating; that give investors a nonbinding vote on executive compensation, known as “say on pay”; and that tie executive bonuses to the company’s stock performance.» —“Deal Book: Apple Shareholders to Vote on Compensation Proposals” by Andrew Ross Sorkin New York Times May 10, 2007. (source: Double-Tongued Dictionary)

Tagged with →