Behind the Numbers: Does a low Say on Pay vote lead to low Director votes?

Behind the Numbers: Does a low Say on Pay vote lead to low Director votes?Download PDF

Our weekly Say on Pay report often raises interesting questions about what the data really mean. These questions are addressed in this series. A question our clients often ask us is whether they should be worried that a low Say on Pay vote will result in low director votes. We found that companies with a low Say on Pay vote had slightly lower average director votes. However, average director votes remain close to 90%, even for companies that failed Say on Pay.