Report update: two new companies with support below 50%Download PDF
We have collected Say on Pay vote results for 38 additional Russell 3000 companies, bringing our total to 234. The average vote result for all companies in 2014 is 93%. Two additional companies failed since last week’s report; three companies (1.3%) have failed so far this year. Of companies with four years of Say on Pay votes, 140 (90.9%) have passed all four years, 12 (7.8%) have passed in three years and failed in one year, one company (0.6%) has passed in two years and failed in two years, and one company (0.6%) has passed in one year and failed in three years. Proxy advisory firm ISS is recommending ‘against’ Say on Pay proposals at 9% of companies in 2014.