Continuing a trend of narrowing the scenarios in which companies can exclude shareholder proposals from the proxy statement, the SEC staff will not allow companies to exclude shareholder proposals which ask company boards to "adopt a payout policy that gives preference to share repurchases instead of cash dividends" according to Davis Polk.
This week, a coalition of the US's largest institutional investors led by JP Morgan CEO Jamie Dimon and investment mogul Warren Buffet met to discuss concerns with a growing emphasis on short-termism as well as ways to improve shareholder and company relations according to reports by the Financial Times.
Mr. Floersch served as Executive Vice President and Chief Human Resources Officer of McDonald`s for over a decade and will serve as the Center's Senior Strategic Advisor.
According to Center data, nearly one in five S&P 500 companies included either a realized pay or realizable pay disclosure as a supplement to the summary compensation table.
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.