Investors still have room for improvements in disclosure, transparency and shareowner influence on executive pay practices, according to an investment advocacy group.

“The attention of the public, regulators, and Congress may have had a positive effect in limiting some of the more egregious pay packages, but there is more work to be done,” said Kurt Schacht, managing director of the CFA Institute Centre. “Given the magnitude and severity of the subprime impacts, one would expect those in charge to have likewise suffered some personal financial loss.”

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