Aflac Investors To Get Say On Exec Pay

Aflac Inc.’s board of directors is inviting shareholders to vote on the company’s executive compensation package.

Aflac, Columbus, Ga., says it’s the first major publicly owned U.S. corporation to allow shareholders to vote on executive compensation. The results of the vote would be nonbinding.

“We believe that our compensation policies and procedures are centered on a pay-for-performance culture and are strongly aligned with the long-term interests of our shareholders,” the Aflac executive compensation committee says in the company’s 2008 proxy statement.