The annual meeting of shareholders of 3M isn't just about voting on CEO Mike Roman's salary.
It's also about voting on the re-election of 10 of the company's directors, including Roman, for one-year terms that will expire in 2024, reports the Minneapolis Star Tribune.
Here's a look at some of the more high-profile matters on the agenda: CEO's salary: Roman got a salary of $7.3 million last year, a slight dip from the $7.5 million he earned in 2014, reports USA Today.
The reason? 3M is cutting back on the production of PFAS, a family of chemicals used in everything from goggles to contact lenses.
The company plans to phase out the production of the chemicals, which have been linked to cancer and other health problems, by the end of this year.
The board's compensation: Roman got a salary of $5.3 million last year, a slight dip from the $5.3 million he earned in 2014.
The reason? 3M is cutting back on research and development.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.