Pay attention board members and compensation committees!
Investors said they are voting no against companies’ say-on-pay proposals because of pay and performance disconnection (92 percent), poor pay practices (57 percent), poor disclosure (35 percent), and exorbitant compensation practices that do not match company’s size, industry, and performance (16 percent). In addition, investors confirmed that they focused most of their time on comprehensive analysis on pay practices at companies with the largest discrepancies between pay and performance.
