Failure Rate Increases to 1.3%

Failure Rate Increases to 1.3%Zoom inDownload PDF

The current Say on Pay failure rate (1.3%) is up 0.2% since our last report, but remains the lowest since voting began in 2011. 27 Russell 3000 companies have failed Say on Pay thus far in 2017; the six new companies that have failed since the last report are Argan, FleetCor Technologies, Hospitality Properties Trust, Mylan, PHH, and Universal Insurance Holdings. 2,062 Russell 3000 companies have held Say on Pay votes in 2017 with an average vote result of 91.8%. Four environmental proposals have passed thus far in 2017, while only three environmental proposals have passed in the previous six years.