2014 report: No new failures; ISS recommending against 7% of companies

2014 report: No new failures; ISS recommending against 7% of companiesDownload PDF

We have collected Say on Pay vote results for 8 additional Russell 3000 companies, bringing our total to 180. The average vote result for all companies in 2014 is 94%. To date, only one company has failed Say on Pay: Hologic. Of companies with four years of Say on Pay votes, 102 (93%) have passed all four years while 8 (7%) have passed in three years and failed in one year. Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 7% of companies in 2014 (compared to 14% in 2013 and 2012).