DATE PUBLISHED: DECEMBER 13, 2023
Shareholder support for Management Say-on-Pay (MSoP) proposals has declined steadily since 2019 even though U.S. company performance, as measured by Total Shareholder Return, consistently improved.
ISS-Corporate analyzed the relationship between MSoP votes and TSR, CEO compensation, and other pay components over from the beginning of 2019 to July of this year to uncover the possible causes of this rising investor discontent. We looked at the components of pay packages, including how much is based on performance, the mix between stock and cash awards and the total amount of compensation.
