March 28, 2016
Say-on-Pay: 1st Two Failures of the Year
– Broc Romanek, CompensationStandards.com
This Semler Brossy report notes that – so far this year – 129 Russell 3000 companies have had say-on-pay votes and 93% have passed with above 70% support. Two companies (1.6%) have failed say-on-pay: Nuance Communications and Tetra Tech. Proxy advisory firm ISS has recommended ‘against’ say-on-pay proposals at 9% of companies it has assessed thus far in 2016. The report also examines proxy access vote results in the Russell 3000.