How a Forward-Thinking Utility Came in From the Cold
A midmarket utility with a lagging stock price, caused to some extent by its business portfolio, was also hampered by a poor Say on Pay vote. Farient Advisors was engaged to help turnaround the company’s Say on Pay vote and assist with a shareholder communications strategy.
Farient identified pay for performance alignment as a core issue, driven largely by pay quantum and goal setting. Our team also predicted Say on Pay results and developed the approach and messaging for shareholder outreach.
The company benefited from the improved administration of its pay programs, particularly around goal setting, and by providing clearer communications to shareholders. The result? A significant improvement in Say on Pay support.
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