2015 Report: Two Companies with Support Below 50% Thus Far – Featuring “Predictions for the 2015 Proxy Season”Zoom inDownload PDF
To date, 134 Russell 3000 companies have had their Say on Pay votes – and 92% are passing with above 70% support. Two companies (1.5%) have failed Say on Pay thus far: Nuance Communications and Schnitzer Steel Industries. Of companies with five years of Say on Pay votes, 104 (94%) have passed all five years, six companies (5%) have passed in three years and failed in one year, and one company (1%) has passed in three years and failed in two years. Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 11% of companies thus far in 2015.
Our topic this week features Predictions for the 2015 Proxy Season.