Lavish Benefits for Execs Impact Corporate Governance Ratings

Today’s edition of the Wall Street Journal reports on the ratings release today by Corporate Library, a governance-research firm, which ranks companies on corporate governance. Unlike Institutional Shareholder Services Inc.(“ISS”) the leading proxy-advice firm which has been the subject of reports in the Journal last week and the subject of this blog today, Corporate Library refuses to take consulting or other fees from its ratings subject, according to the Journal. A common thread among those companies ranked the worst in corporate governance were lavish compensation and benefits to executives.