"What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking"

This quote by Christina Romer is describing the need for monetary regulative reform. She is advocating for the execution of "say on pay" which would certainly provide investors more control over executive payment. This would certainly help to guarantee that executive payment is focused on lasting objectives rather than temporary risk-taking. Romer is likewise recommending that redoubling initiatives on monetary regulatory reform is needed in order to make certain that investors have the ability to effectively monitor executive payment. This would help to make sure that executives are not awarded for taking unneeded threats that can potentially damage the company. Generally, Romer is supporting for monetary regulatory reform that would certainly aid to guarantee that exec payment is focused on lasting goals which investors are able to appropriately monitor executive settlement.