Average Vote Support Remains at All-Time High

Average Vote Support Remains at All-Time HighZoom inDownload PDF

2,176 Russell 3000 companies have held Say on Pay votes in 2017 with an average vote result of 91.7%, the highest since voting began. The current Say on Pay failure rate of 1.4% is equal to the lowest observed rate, which occurred in 2011. The failure rate has not changed since our last report. 30 Russell 3000 companies have failed Say on Pay thus far in 2017; no additional companies have failed since our last report. Environmental proposals have had the highest average vote support (28%) in 2017 than any prior year. Four environmental proposals (6%) have received greater than 50% support in 2017. Only three environmental proposals (1%) passed in the previous six years combined.