FW Cook Authors
Bindu Culas and Samantha Nussbaum are former practicing lawyers who moved over to the consulting side of executive compensation several years ago. They have launched this blog to keep clients, colleagues, fellow practitioners, and others interested in this area up-to-date on market trends, regulatory developments, and the like. Thank you for reading. Any and all feedback is welcome. We look forward to hearing your thoughts!
Key Reasons for ISS “Against” Say-on-Pay Vote Recommendations
While an ISS recommendation is not per se determinative of the final Say-on-Pay vote result, a “For” recommendation significantly increases the likelihood of securing a positive outcome, and an “Against” vote recommendation typically requires companies to engage in substantial investor outreach.
2017 Say-on-Pay Recap to Date
2017 marks the seventh year for “Say-on-Pay” voting. Consistent with prior years, an overwhelming percentage of Russell 3000 companies have obtained majority Say-on-Pay support to date and ISS issued an "Against" vote recommendation on approximately 11% of Say-on-Pay proposals.