This week, the Center On Executive Compensation and Equilar announced a new online tool developed by the Center for assessing the prevalence of executive incentive plan metrics and their correlation with long-term shareholder value.
The House of Representatives approved the Financial CHOICE Act of 2017, which includes the HR Policy Association-supported repeal of the Dodd-Frank pay ratio as well as a comprehensive regulatory structure for proxy advisory firms, by a 233-186 vote largely along party lines.
Former Sullivan & Cromwell partner Jay Clayton was confirmed by the Senate to become the 32d Chairman of the Securities and Exchange Commission with a bipartisan 61 to 37 vote.
Since 2010 there have been only 15 pay ratio related shareholder proposals. These proposals have averaged over 93% shareholder opposition with no single proposal receiving over 10% support.
In 2015, 40 S&P 500 companies, close to 9% of companies, saw shareholder support for their say on pay proposals swing more than 20 percentage points.