Investors want to vote on companies pay practices on an annual basis despite some management proposals from last season that recommended using biennial or triennial voting, according to proxy advisory firm ISS’ 2011 U.S. Post-Season Report.
The ISS study of past proxy season results revealed that investors overwhelmingly support an annual vote for future seasons. As of Sept. 1, 80.1 percent of Russell 3000 companies said they preferred an annual vote. In comparison, just 18.5 percent supported a triennial vote.
