Three Years On: Lessons From ‘Say on Pay’ Shareholder Litigation
By WILLIAM SULLIVAN, TIMOTHY REYNOLDS, & SARAH KELLY-KILGORE
January 2014 will mark the third anniversary of the SEC’s enactment of shareholder “say on pay” rules for public companies. For most companies, “say on pay” has created little controversy. The experience of the past three years shows that shareholders regularly approve the executive compensation proposals put before them.