After passing comprehensive tax reform but before breaking for the holidays, the House of Representatives passed legislation that would create new SEC-led registration and monitoring of proxy advisory firms on a bipartisan vote of 238-182, with twelve Democrats voting in favor of the bill, and five Republicans opposing it.
With pay ratio compliance coming soon for companies with annual meeting dates in the first half of the year, the Center On Executive Compensation has been receiving many questions about pay ratio communications, and especially, the content of the disclosure of the ratio itself.
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.
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.
In 2015, 85% of S&P 500 companies received a "For" recommendation from ISS for their Say on Pay proposal for a second consecutive year.