From the UK's Guardian newspaper:
The securities and exchange commission disclosed the challenge in a filing ahead of Goldman Sachs' annual meeting next month.
The nuns asked that "shareholders request that the board's compensation committee initiate a review of our company's senior executive compensation policies and make available a summary report of that review by 1 October, 2011 (omitting confidential information and processed at a reasonable cost). We request that the report include:
- An evaluation of whether our senior executive compensation packages (including, but not limited to, options, benefits, perks, loans and retirement agreements) are 'excessive' and should be modified.