2014 report: One failure thus far

2014 report: One failure thus far Download PDF

To date, 128 Russell 3000 companies have had their Say on Pay votes – and 97% are passing with above 70% support. Thus far, one company has failed Say on Pay (Hologic). We also capture vote results of companies that elected to have a vote every three years. At this point, no triennial companies have failed in 2014 and the average vote result of triennial companies is 97% (compared to 94% average for non-triennial companies). Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 5% of companies in 2014 (compared to 14% in 2013 and 2012).