March 14, 2022

Agenda – Not a Blip – Investors Continue to Downvote Pay Plans

Early say-on-pay votes for this year show investors are continuing to be critical of executive compensation packages at S&P 500 companies. Investors want companies to engage with them and consider their concerns about pay and performance alignment, said experts.

In the first two months of the year, about a quarter of the say-on-pay votes at S&P 500 companies came in at or below 80%, and a sliver were below 50%, according to data from Farient Advisors. Average say-on-pay support ticked down at S&P 500 companies last year, compared with 2020, as previously reported by Agenda.

Now, as proxy season is about to come into full swing, rumblings from investors and proxy advisors suggest companies may be in for another rough referendum over their executive pay choices, according to experts such as Eric Hoffmann, vice president of information services at Farient Advisors.

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