If your company’s say-on-pay vote received a low level of support at your last annual meeting, you will be preparing a strategy to understand why, and bounce back. After reviewing the issues, engaging with shareholders and amending your compensation program as appropriate, you will want to publish a proxy statement that explains your company’s compensation philosophy and performance clearly, while satisfying increased scrutiny from proxy advisors.
This Thought Piece highlights examples of certain key disclosures that the proxy advisory firms want to see after a low say-on-pay vote. While some of the following examples are from proxy statements published by companies after a low say-on-pay score, others are from companies that publish these “best practice” disclosures as a matter of course.
