The Center On Executive Compensation joined several other business groups this week in sending a letter supporting H.R. 5756, which would instruct the Securities and Exchange Commission to require higher levels of support for shareholder proposals in order for their proponents to resubmit them during subsequent proxy seasons.
Last week, proxy advisory firms Glass Lewis and ISS responded to dual letters sent to the firms by six Republican Members of the Senate Banking Committee.
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 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.
In 2015, no company with Summary Compensation Table CEO Pay which was less than $15M failed their Say on Pay vote.