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Triennial Say on Pay is the Trend

Melissa Klein Aguilar | December 30, 2010

Triennial could be a trend in 2011: If companies have their way, most shareholders will get their say on pay every three years.

So far, the majority of the 72 companies that filed their proxies as of Dec. 30 are recommending shareholder advisory votes on executive pay every three years. That's according to a tally by Latham & Watkins of non-TARP companies with annual meetings on or after Jan. 21, when the requirement under the Dodd-Frank Act takes effect. It's also in line with previous reports on early filings.

Among those companies, 40 (56 percent) recommend triennial votes, like Varian Medical Systems. Another 17 (24 percent) recommend annual SOP votes, including ...

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