In early September, ISS published its annual post-season report on compensation vote results and practices, which revealed a continuation of many trends identified last year. Shareholder support for management say-on-pay remains stronger than ever, while failures are exceedingly rare; average support for equity plan proposals was consistent with prior years. While CEO pay at larger companies has increased, the composition of CEO pay packages has trended towards more strongly performance based incentives. Interestingly, median golden parachute payments rose considerably, while golden parachute vote rates dropped and failure rates more than doubled. Shareholder proposals on compensation topics remained on the decline, and for the second consecutive proxy season no proposals received majority support.
Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, October 6, 2017
Editor's Note: Subodh Mishra is Executive Director at Institutional Shareholder Services, Inc. This post is based on an ISS publication.