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2014 report: No new failures

2014 report: No new failuresDownload PDF

We have collected Say on Pay vote results for 37 additional Russell 3000 companies, bringing our total to 165. The average vote result for all companies in 2014 is 94%. To date, only one company has failed Say on Pay: Hologic. Of companies with four years of Say on Pay votes, 95 (93%) have passed all four years while 7 (7%) have passed in three years and failed in one year. Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 5% of companies in 2014 (compared to 14% in 2013 and 2012).