Janus Capital Group is asking its shareholders to vote in favor of a new chief executive officer compensation plan that will cap CEO pay at $10 million, tie it directly to year-over-year change in operating income and comprise it with 40% cash and 60% long-term incentives.

According to the proposal, which Janus outlined in a proxy statement form filed with the U.S. Securities and Exchange Commission, a significant portion of the CEO’s compensation will be determined by whether the company achieves a year-over-year change in operating income of $2 million.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.