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SEC Mandates Investor Votes on Stock-Based Pay.

By Andrew Countryman, Chicago Tribune Knight Ridder/Tribune Business News

Jul. 1--Investors will be gaining greater say over executive pay, as federal regulators on Monday approved stock exchange proposals to re...uire shareholder approval of most e...uity compensation plans, including stock option programs.

The Securities and Exchange Commission approved proposals first submitted last year by the New York Stock Exchange and the Nasda... stock market in response to investor unrest over corporate scandals and skyrocketing executive pay.

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