Report Update: Seven additional companies fail Say on Pay – including our special topic: 5 Years Later, is the S&P 500 Figuring Out Say on Pay

Report Update: Seven additional companies fail Say on Pay – including our special topic: 5 Years Later, is the S&P 500 Figuring Out Say on PayZoom inDownload PDF

Our special topic this week examines historical vote results for S&P 500 companies compared to the remaining companies in the Russell 3000. Larger companies are improving their Say on Pay results while smaller ones are flat to slightly worse. The failure rate for the S&P 500 has dropped by more than half since 2011. This rate has more than doubled for smaller companies. To date 1,990 Russell 3000 companies have had their Say on Pay votes and 92% are passing with above 70% support. Seven companies have failed since our last report: BE Aerospace, IvenSense, KEYW Holding, PICO Holdings, RBC Bearings, TiVo, and Ultratech. 54 Russell 3000 companies (2.7%) have failed Say on Pay in 2015. ISS is recommending ‘Against’ Say on Pay proposals at 12% of companies.