This latest report from IR Insight, downloadable at the Corporate Secretary and IR magazine websites provides insights that will not be found anywhere else. A total of 181 individuals took part in the survey: 108 corporate secretaries and 80 investor relations officers.
Here are some of the headline findings:
92 percent of corporate secretaries and 41 percent of IROs were involved in say on pay in 2011: When IROs are involved, they typically work closely with the corporate secretary, most often in areas like shareholder outreach and preparation of the compensation discussion and analysis (CD&A). Of the IRO respondents to the survey who have been involved in say on pay, more than half report the conversation coming up with investors.
Saying when on pay: Looking to the future, more than nine in 10 companies have opted for an annual vote on executive compensation.
55 percent of companies surveyed used proxy solicitors in 2011: The companies that did not use a proxy solicitor last year received higher support than those that did, albeit by only a narrow margin. Just 7% of companies not using solicitors last year plan to do so in future.
76 percent of the companies surveyed are subject to proxy adviser recommendations: Advisers like ISS and Glass Lewis made recommendations in respect of the pay plans of more than three-quarters of the companies surveyed – more than half of which received positive recommendations.
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