Senior Officers Compensation Disclosures - Proposed Rule
Dear Mr. Van Meter
I agree with and support the points raised in our Association's comment letter. I believe our disclosures on executive compensation and benefits are adequate.Our cooperative structure means directors are independent from management and that stockholders have the opportunity to hold directors accoun table for serving the Association's interests through regular elections.I strongly object to any requirement for a non- binding " say to pay" vote for exective compensation.
1st Farm Credit Services- Board of Directors