The Profile of a Say-on-Pay Failure
55. That is the number of publicly traded companies which have failed the Say-on-Pay vote as of July 23, 2013. That is two less than the total of 2012 and 18 more than in 2011. It has been three years since the Dodd-Frank Act initiated this provision of a shareholder vote, which is non-binding…for now that is (see Switzerland). Now that we are in the final stages of the third year of Say-on-Pay season, the question most public company board members ask is: What could cause a company to fail Say-on-Pay?
To read the entire article written by Chris Crawford, Jon Covington, and Cameron Boswell, click here.