Average Say on Pay Support is at All-Time High

Average Say on Pay Support is at All-Time HighZoom inDownload PDF

The current Say on Pay failure rate of 1.4% is equal to the lowest observed rate, which occurred in 2011. The failure rate has not changed since our last report. 30 Russell 3000 companies have failed Say on Pay thus far in 2017; the one new company that has failed since the last report is McKesson. 2,114 Russell 3000 companies have held Say on Pay votes in 2017 with an average vote result of 91.7%. This week we compared Say on Pay vote results of S&P 500 companies to all other companies in the Russell 3000. ISS has recommended “Against” Russell 3000 companies (not in the S&P 500) nearly 50% more often than companies in the S&P 500 since 2013; however, both groups have had similar average vote results over the past two years.