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Failed Say-on-Pay Votes: Revisiting the Road to Recovery (PDF)
ExeQuity in Bloomberg BNA Pension & Benefits Daily
Mar. 11, 2014
"[T]his is a good time to look back at companies that failed to secure majority support for their SOP proposals and assess what they did to turn things around the following year. [This article reviews] at those companies whose SOP votes failed during the 2012 proxy season [to] see how their SOP votes fared in 2013, as well as follow up to see how the companies with failed SOP votes in 2011 continued to fare in 2013. Finally, [this article looks] at the updated quantitative tests being used by ISS (Institutional Shareholder Services Inc.) to evaluate SOP proposals and the implications of such tests for companies trying to recover from a failed SOP vote and/or trying to avoid a SOP failure in 2014."
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