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MemberOctober 4, 2023 at 10:03 am
Daniel, (not Danielle)
The other question was about why publicly listed (not public) companies must disclose executive compensation. Every person and corporation must confirm to a whack of laws – not just one.
The short answer is that securities commissions require each publicly listed companies to disclose executive compensation – as a condition of being publicly traded. These commissions ensure that the capital markets work – in public interest.
The longish answer is that all publicly traded companies are accountable to their shareholders. Those shareholders make capital investments and need to know how their money is spent (and certainly not on excessive executive compensation). Ditto for private corporations although not regulated by securities commissions; investors need to know how their money is being spent.
Another category of corporations is not for profit. They (almost without exception) have no shareholders (by exception some do) but have members who have equivalent rights.
If you want to learn more reach out to me by email or phone and I am more than happy to discuss further.