I was looking at IMMU filings recently because of the recent buyout. Their executive committee did a very nice job explaining their plan. They meet several times and got help from a consulting firm. They looked at peer companies and surveyed those ceo salaries, pg 47. Their plan passed easily because of all the footwork they did, explaining in detail, yes, we are paying appropriately. They also had to add shares to their long term incentive plan. It passed with overwhelming support, I believe partly from the great work their executive committee did. We all the controversy here, Cytodyn needs to go to a similar approach imo, to take all the guess work out of it, which creates the uncertainty we see from shareholders like lawman.
https://www.otcmarkets.com/filing/html?id=140...FfG89Ct_yh
Quote:
In fulfilling its duties, the Compensation Committee was assisted by Gallagher, a consulting firm that specializes in providing executive compensation advisory services.