February 8, 2017
Say-on-Pay: Failure Rate Lowest Since ’11
– Broc Romanek
Here’s Semler Brossy’s final say-on-pay report for last year, showing that 2,118 Russell 3000 companies held say-on-pay votes in 2016, with 92% of companies passing with tallies above 70%. The average vote result was 91%. 36 companies (1.7%) failed in 2016, resulting in the lowest failure rate since the first year of say-on-pay in 2011. ISS recommended ‘Against’ say-on-pay proposals at 12% of companies assessed in 2016.