MBIA Inc., primarily a bond insurer, announced earlier this week that its board adopted a new shareholder voting policy for senior executive pay decisions.

From Forbes.com:

Shareholders will be able to vote on whether they approve of the compensation for the company's CEO - currently Jay Brown. The vote will be considered by the board's compensation committee in determining the CEO's compensation for subsequent periods.

Shareholders will also take an advisory vote on annual compensation awarded to senior executives as a whole.

Shareholders will be afforded the right to a third vote for any one-time compensation awards given to the CEO or other senior executive offices. Those votes on one-time awards will be binding.