Report update: total failed votes at 40; three co’s have failed in 2011 and 2012

Report update:  total failed votes at 40;  three co's have failed in 2011 and 2012Download PDF

To date, 40 companies have failed Say on Pay – roughly 2.5% of companies, compared to 1.4% in 2011. This week, Tutor Perini became the third company to fail in both 2011 and 2012. This week’s Vote of the Week discusses Safety Insurance, the first company we are aware of to receive an ISS ‘for’ recommendation and fail Say on Pay. New additions to the list of failed companies since our report last Wednesday: Tutor Perini, Healthways Inc., United Online, and Digital River.