One Additional Company Fails Say on Pay

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To date, 2,189 Russell 3000 companies have held Say on Pay votes in 2017. The current Say on Pay failure rate of 1.4% is equal to the lowest observed rate, which occurred in 2011. 31 Russell 3000 companies have failed Say on Pay thus far in 2017; Virtusa is the only company to fail since our last report. The average vote result thus far in 2017 is 91.7%, which is the highest since voting began.