Report update: four new companies with support below 50%Zoom inDownload PDF
We have collected Say on Pay vote results for 213 additional Russell 3000 companies, bringing our total to 1,724. The average vote result for all companies in 2014 is 91%. Four additional companies failed since last week’s report; 36 companies (2.1%) have failed so far this year. Of companies with four years of Say on Pay votes, 1,226 (92.7%) have passed all four years, 85 (6.4%) have passed in three years and failed in one year, nine companies (0.7%) have passed in two years and failed in two years, two companies (0.2%) have passed in one year and failed in three years, and one company (<0.1%) has failed all four years. Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 13% of companies in 2014.