Shareholder support for executive pay plans weakens

Weakened support for mid-, small- and micro-cap companies is symptomatic of escalating pressure boards face

While large-cap companies gain more support from their smaller counterparts, a new report revealed that shareholder endorsement of executive compensation plans has declined in 2014 at mid-cap, small-cap and micro-cap companies.

In an analysis of 2,788 shareholder meetings held between Jan. 1 and May 22, 2014, Broadridge and PwC found that say-on-pay proposals failed to receive majority support at 72 companies—compared to 54 companies in 2013.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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