October 17, 2024
The Pay & Proxy Podcast: “Say-On-Pay Lessons from the 2024 Proxy Season”
In the latest 25-minute episode of the Pay & Proxy Podcast, Meredith interviewed WTW’s Heather Marshall and Peter Kimball about say-on-pay learnings from the latest proxy season. Topics include:
1. 2024 Say-on-Pay support and failure rates among Russell 3000 companies
2. First-time Say-on-Pay failures and the practices that contributed to them
3. The most common drivers of negative recommendations from ISS
4. Why an ISS negative recommendation “isn’t game over; it’s game on!”
5. The four-step formula for Say-on-Pay success
6. What “responsiveness” means and the forms it can take
7. How companies facing 2023 failures turned things around
8. Why even support levels just under 90% may be concerning
9. Shoring up your disclosure and telling your story
For more on this topic, make sure to mark your calendars for our upcoming webcast on Tuesday, October 29th, “Surviving Say-On-Pay: A Roadmap for Winning the Vote in Challenging Situations.” Even though say-on-pay support was generally high this year, most companies face an uphill battle at one point or another – some even face legal challenges on compensation arrangements. Hear tips on working through scenarios that companies frequently encounter – from D.F. King’s Zally Ahmadi, Compensia and CompensationStandards.com’s Mark Borges, Orrick’s JT Ho, Foot Locker’s Jenn Kraft, and Tesla’s Derek Windham.
– Liz Dunshee