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Perspective

Jul. 22, 2011

Say-on-pay and lessons learned in the 2011 proxy season

With the 2011 proxy season almost over, it's time for a recap on say-on-pay vote results. By James D. C. Barrall of Latham & Watkins LLP


The 2011 proxy season is almost over for U.S. public companies required to hold their first Dodd-Frank Act say-on-pay votes, with close to 2,300 of the Russell 3000 companies having held their meetings. These votes have brought more than a few surprises and now is a good time to recap the vote results, identify issues and trends and begin to distill lessons for future say-on-pay votes. On the say-on-pay frequency vote, in the beginning of the proxy season, approximately 60...

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