Say on Pay Sails By Shareholder Meetings
August 31st, 2011 by JBWK
The Dodd-Frank-required rule requiring a non-binding shareholder vote on executive compensation for public companies (Say on Pay) came and went this annual meeting season without much fanfare, at least according to a BNY Mellon report
The report–studying 500 public company annual shareholder meetings–found that about two-thirds of the companies’ say-on-pay advisory votes were supported by over 95% of shareholders. Every vote reviewed by BNY Mellon garnered at least 80% of shareholder votes.
Comments are closed.