Report update: five new companies with support below 50%

Report update: five new companies with support below 50%Download PDF

We have collected Say on Pay vote results for 146 additional Russell 3000 companies, bringing our total to 2,026. The average vote result for all companies in 2014 is 91%. Five additional companies failed since last week’s report; 47 companies (2.3%) have failed so far this year. Of companies with four years of Say on Pay votes, 1,409 (92.4%) have passed all four years, 98 (6.4%) have passed in three years and failed in one year, 13 companies (0.9%) have passed in two years and failed in two years, three companies (0.2%) have passed in one year and failed in three years, and two companies (0.1%) have failed all four years. Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 13% of companies in 2014.