Aflac's board of directors agreed to move up the adoption of the "say on pay" proposals to 2008. This new proposal would give shareholders the right to cast a non-binding advisory vote on the company's pay-for-performance compensation of the top five named executive officers. Aflac was the first US company to adopt such a resolution but it was not scheduled to be put into practice until 2009.

"We believe that our shareholders have embraced the expanded disclosure on executive compensation and it gives them the information they need to make an informed decision as they weigh pay versus performance," said Dan Amos, Aflac chairman and CEO. "Aflac has a long history of generating strong returns for its shareholders and we remain committed to being transparent and responsive to our owners."