By  on May 21, 2009

NEW YORK — Jones Apparel Group Inc. shareholders won the right to have a say — albeit a nonbinding one — about the firm’s executive compensation at the firm’s annual meeting Wednesday morning.

Included on the agenda was a shareholder proposal for an advisory vote by stockholders on executive compensation, more commonly referred to as “Say on Pay.” The proposal, submitted by Calvert Asset Management, passed even though the Jones board had recommended a vote against it.

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