Say on Pay Failure Rate Continues to Decrease

Say on Pay Failure Rate Continues to DecreaseZoom inDownload PDF

1,395 Russell 3000 companies have filed CEO Pay Ratio disclosures in 2018. The median of ratios filed thus far is 73:1, and the median of median employee compensation $62,285. To date, 193 Russell 3000 companies have held Say on Pay votes and no additional companies have failed since our last report. The failure rate (2.6%) has decreased by 80 basis points since the last report, but is over a percentage point higher than last year’s failure rate. In addition, the current average vote support is 190 basis points lower than the 2017 average.