By  on July 27, 2011

A preeminent corporate governance watchdog has given Polo RalphLauren Corp. a “nay” for its handling of the so-called “say on pay”provisions of the Dodd-Frank Act, and Polo has fired back.

Citingthe “high annual bonus payout” over the last four years to RalphLauren, the company’s founder, chairman and chief executive officer,Institutional Shareholder Services has recommended Polo stockholderscast their non-binding advisory votes against the ratification of itsexecutive officers’ compensation at the company’s annual meeting Aug.11.

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