Netflix shareholders to vote on directors, exec pay
Three members of the Netflix board of directors are up for re-election, including founder and CEO Reed Hastings, at the annual shareholders meeting scheduled for June 3, the company said Wednesday.
The Web's top video-rental site said the meeting will be held at the company's headquarters in Los Gatos, Calif. One of the other items on the agenda is a nonbinding vote on executive compensation, which is now a requirement under the the Dodd-Frank Act of 2010. This is the so-called say-on-pay requirement. Stockholders are to be given a chance to cast an advisory vote on the compensation … Read more