Say on Pay Failure Rate Drops to All Time Low

Say on Pay Failure Rate Drops to All Time LowZoom inDownload PDF

While early in the proxy season, the current Say on Pay failure rate of 1.3% is the lowest since voting began in 2011. Three companies have failed Say on Pay thus far in 2017; no new companies have failed since the last report. 230 Russell 3000 companies have held Say on Pay votes in 2017 with the average vote result of 92.6%. Proxy advisory firm ISS has recommended ‘Against’ Say on Pay proposals at 10% of companies it assessed in 2017.