As Say on Pay Support Rises, New Concerns Loom—Agenda
August 21, 2023
A big story this proxy season has been the seeming turnaround on Say on Pay votes, with investors approving more compensation plans than last year, ending a multi-year decline. But what does it mean? This Agenda article sheds light citing data from Farient’s research team and insights from ESG Leader Brian Bueno. Bueno cautions that the uptick may not necessarily mean investors have “turned the corner” on heavier scrutiny of executive compensation and performance, including around ESG issues.
About Brian Bueno
ESG Practice Leader, Farient Advisors/GECN Group, New York
Brian Bueno is the ESG Leader at Farient Advisors. In this role, Brian guides the firm’s strategy, research, and analysis on environmental, social, and corporate governance (ESG) matters. Brian focuses on the ESG landscape and its intersection with executive compensation and incentives in order to assist clients in understanding stakeholder considerations and developing and implementing appropriate programs that help create stakeholder value.
Prior to re-joining Farient in 2022, Brian was vice president and product manager at Institutional Shareholder Services (ISS), a leading proxy advisory firm, where he led the development of solutions that assist institutional investors evaluate executive compensation and related areas at their portfolio companies across global markets. Additionally, at ISS’s Corporate Solutions arm, Brian led the creation and management of product platforms that allow companies to benchmark themselves across executive compensation and ESG topics.
Prior to joining ISS in 2015, Brian worked at Farient where he managed the development and delivery of Farient’s Performance Alignment Reports and associated research, including analyses on executive pay definitions and financial performance metrics and their link to shareholder value. At Farient, Brian also worked with clients across various industries, including energy, industrials, banking, and insurance. And before Farient, Brian held a market research role involved in identifying opportunities and risks in particular industries and communicating findings to clients and media.
Brian holds a BS from the University of Southern California’s (USC) Marshall School of Business with a triple concentration in finance, marketing, and entrepreneurship.