Behind the Numbers: How have companies reponded to failed 2011 Say on Pay votes?

Behind the Numbers:  How have companies reponded to failed 2011 Say on Pay votes?Zoom inDownload PDF

Our weekly Say on Pay report often raises interesting questions about what the data really mean. These questions are addressed in this series. As of May 15, all companies that failed Say on Pay in 2011 have passed in 2012. The average vote result for these 16 companies was 89%, an increase of 48 percentage points from 2011. We were curious what types of changes these companies made to their programs following the failed vote to create such an increase in support.