Speech by W. McDonough, New York Fed Bank, 29 Sep

SPEECH - In the speech titled 'Issues in Corporate Governance' McDonough used part of it to return to a topic he discussed recently, executive compensation. He said that in his view, public policy should aim to eliminate distorting incentives and to encourage instead the role of market discipline. Transparency is a necessary ingredient for market discipline to be effective.

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Remarks by William J. McDonough

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