Forced to confess their use of compensation consultants for the first time this spring, a solid majority of corporations report using pay consultants for outside help.
Those are the findings of a Compliance Week analysis of nearly 250 proxy statements already filed this year. Three out of four companies in Compliance Week’s sample used some form of consulting help, whether through a direct relationship with a consulting firm or through the acquisition of survey data. Most companies named the consulting firm hired; only three companies acknowledged using a firm, but did not name the firm. Fifty-three companies, or 21.5 percent, used no consultant.
