Pay Consultants Not Properly Independent: Study

Law360, New York (December 6, 2007, 12:00 AM EST) -- Many consultants who advise publicly traded companies on how much to pay their top executives have substantial conflicts of interest, according to a study released by the House Government Oversight and Government Reform Committee.

Commissioned by committee chairman Congressman Henry Waxman (D-Calif.), the report says that executive compensation advice given by diversified consulting companies that also provide other services to the same company may not be properly independent. The report took a closer look at at the top 250 public companies in the U.S., and found...
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