2016 Year-End Report: Failure Rate at Lowest Level Since 2011

2016 Year-End Report: Failure Rate at Lowest Level Since 2011Zoom inDownload PDF

2,118 Russell 3000 companies held Say on Pay votes in 2016, and 92% of companies passed with above 70% support. The average vote result was 91%. 36 companies (1.7%) failed Say on Pay in 2016, resulting in the lowest failure rate since the first year of Say on Pay in 2011. Proxy advisory firm ISS has recommended ‘Against’ Say on Pay proposals at 12% of companies it assessed in 2016.