Resource Library Insights

2026 Say on Pay Reports

S&P 500 and Russell 3000 Failure Rate & Pay Vote Analysis

Average Say on Pay support stands at 92.1% for Russell 3000 companies and 90.6% for S&P 500 companies year-to-date. 16 Russell 3000 companies have failed Say on Pay so far this year (0.8% failure rate), four of which are in the S&P 500 (1.0% failure rate).

April 23, 2026

2025 Say on Pay Reports

S&P 500 and Russell 3000 Failure Rate & Pay Vote Analysis

2025 SOP support stayed strong, with nearly 2,000 votes reported.

June 26, 2025

2024 Say on Pay Reports

S&P 500 and Russell 3000 Failure Rate & Pay Vote Analysis

2024 Say On Pay failure rate the lowest it has ever been.

January 16, 2025

How Should Compensation Committees View 2024 Say on Pay Results?

The most compelling trends of this proxy season emerge from a deeper analysis of companies that received less than 75% support in addition to those that failed. Insights from this group reveal where investors, proxy advisors, and other stakeholders may have heightened expectations in the future.

June 13, 2024

2023 Say on Pay Reports

S&P 500 and Russell 3000 Failure Rate & Pay Vote Analysis

Say on Pay vote failure rate sits at lowest level since 2017.

January 19, 2024

CAP is Fatally Flawed

Competitive pay benchmarking, incentive goal rigor analyses, and more traditional realizable pay analyses provide a more exhaustive set of tools to calibrate and assess pay and performance.

June 29, 2023

2023 Pay Versus Performance Report

S&P 500 and Russell 3000 company performance disclosure tracking

CAP to SCT ratios remain positively correlated with TSR over the reported period.

May 18, 2023

February 2, 2023 WorldAtWork

2023 Fiscal Year Incentive Design Approaches for Retailers

Economic headwinds and volatile markets have significantly affected fiscal year 2022 (FY22) incentive plan outcomes in the retail sector. This uncertainty has led retailers to evaluate both minor adjustments to and wholesale redesigns of FY23 incentive plans.

Emerging IssuesExecutive & Director Pay Design

2022 Say on Pay Reports

S&P 500 and Russell 3000 Failure Rate & Pay Vote Analysis

Our year-end report recaps proxy voting results and trends for 2022.

January 12, 2023

Implications of Elevated Shareholder Expectations

Vote results between the two indices have diverged due to a fractured governance landscape and differentiated expectations for “good” governance at large- and small-cap companies.

July 11, 2022