$316,091<\/a>)?<\/p>\nI submit the answer should be \u201cno.\u201d Instead, directors should be required to submit and distribute their estimates of how they plan to allocate their time among the executive and director obligations they are being paid to perform.<\/p>\n
In the case of a candidate like Barton \u2013 who has an executive position along with serving on four boards \u2013 we should either get a commitment to that 90.5 hours per week or expect an explanation for why shareholders should be satisfied with less. In addition, any such adopted reporting obligation should provide the individual\u2019s actual compensation for each position, so that shareholders can get a clear picture of the expected hourly rate they\u2019ll be paying for that individual\u2019s services.<\/p>\n
Implementing such a reporting requirement would both provide some much-needed transparency and accountability, while at the same time helping to undermine the woke cabal that makes up today\u2019s managerial elite.<\/p>\n
Importantly, a commitment to provide this information to shareholders can be adopted by individual corporations without any state action. In fact, you might see the Free Enterprise Project submit such proposals this upcoming proxy season.<\/p>\n
_______________ \nStefan Padfield<\/a>\u00a0<\/strong>is an associate at the National Center\u2019s Free Enterprise Project<\/a> (FEP), whose stated goal is to oppose the woke takeover of American corporate life. This was first published at Newsmax<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"In light of the\u00a0July 12-14 hearings\u00a0before the House Financial Services Committee examining the impact of environmental, social, and governance (ESG) factors on financial decision-making, there has been a lot of talk about ways to rein in what might loosely be called \u201cwoke capitalism.\u201d For example,…<\/p>\n","protected":false},"author":27,"featured_media":34476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,30,790,655],"tags":[712],"yoast_head":"\n
Stefan Padfield: Break Up Overboarding to Break Up Woke Capitalism - The National Center<\/title>\n \n \n \n\t \n\t \n\t \n