Foley’s National Director’s Institute and its discussion on how corporate boards can expect to deal with heightened scrutiny and heavy regulation this year are mentioned in an article titled, “Corporate Boards Should Beware: Directors Can Expect More Scrutiny Over CEO Pay From Investors, SEC, Adviser Says,” in the March 8, 2008 edition of the Milwaukee Journal Sentinel. The article also includes comments from U.S. Senator Paul Sarbanes, who served as keynote speaker at the seventh annual event.
Foley Partner Jay Rothman is also quoted in the article on the demand for public disclosure of pay and perks for top managers. Rothman comments on how companies can expect to see an enhanced focus on the executive compensation arena.