In a letter dated November 24, 2014, three influential members of the House GOP, including Financial Services Committee Chairman Jeb Hensarling (R-TX), urged SEC Chair Mary Jo White to delay the final pay ratio rule.
This Agenda opinion piece by Center Executive Vice President Shelly Carlin suggests the growing homogenization of pay plans has been driven to a large extent by proxy advisory firms in light of say on pay, and urges compensation committees to avoid prevalent pay practices that may not fit their companies.
The Center On Executive Compensation filed comments with the U.S. Securities and Exchange Commission reiterating its views on the implementation of the Dodd-Frank pay for performance disclosure and responding to recent comments by the Council of Institutional Investors and the AFL-CIO
Only six S&P 500 companies failed to receive majority support for their say on pay proposals in 2013. This number represents a 40% drop over 2012 say on pay results.
In 2010, the Securities and Exchange Commission issued a Concept Release on the U.S. Proxy Plumbing System which included an discussion on the conflicts of interest inherent in the proxy advisory firm industry.