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New York, NY, Sep 16, 2020 (GLOBE NEWSWIRE via COMTEX) —
The Aspen Institute Business & Society Program, in partnership with Korn Ferry (NYSE: KFY) today released “Modern Principles for Sensible and Effective Executive Pay,” outlining a new path for executive compensation that moves from a shareholder-centric approach to including other priorities, such as fairness, employee well-being and other commitments to ensure long-term business success. The report points to key areas that must be addressed to align pay and incentives with Board responsibility and the changing role of the CEO.
“From the Business Roundtable to the World Economic Forum, the leaders of America’s largest corporations have committed to serving the interests of workers, communities, customers and the environment, along with shareholders” said Judy Samuelson, Executive Director of the Aspen Institute Business & Society Program. “Yet the strongest