Report update: five votes below 50% so far in 2014Zoom inDownload PDF
We have collected Say on Pay vote results for 113 additional Russell 3000 companies, bringing our total to 347. The average vote result for all companies in 2014 is 92%. Two additional companies failed since last week’s report; five companies (1.4%) have failed so far this year. Of companies with four years of Say on Pay votes, 224 (92%) have passed all four years, 16 (6.6%) have passed in three years and failed in one year, two companies (0.8%) has passed in two years and failed in two years, and one company (0.4%) has passed in one year and failed in three years. Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 10% of companies in 2014.