Pearl Meyer & Partners 2009 Say on Pay Survey

With momentum building to require an annual advisory vote by shareholders on executive compensation programs, PM&P's 2009 Say on Pay Survey offers an in-depth look at how 231 respondents across a range of industries are approaching this major new governance initiative. Decisions being made now regarding 2010 compensation practices could potentially be the subject of Say on Pay votes in 2011.

Overall, the survey found that while respondents generally believe that Say on Pay is like to become mandatory by the 2011 proxy season, relatively few are making extensive preparations for such a vote. Those companies that did take action to better ensure a positive vote on their executive compensation programs focused on relatively easy steps, such as reviewing market benchmarking practices, assessing the link between executive pay and performance, and identifying perceived poor pay practices. Relatively few companies said they had inquired into their institutional shareholders' views or instituted a shareholder communications strategy.

Please link below for a copy of the summary of the findings or the detailed report.

executive summary - Complimentary

2009 Say on Pay Survey
This executive summary provides a high-level review of the major findings of the study, including data on how survey participants are preparing for Say on Pay as well as their expectations and concerns about its potential. The summary also provides guidance regarding what steps companies should be taking today to prepare.

complete survey findings

2009 Say on Pay Survey
This report provides detailed findings from the survey. The results are analyzed by company size, industry, TARP recipients vs. non-TARP and provides a review of Director vs. employee perspectives.

Click below to learn more about the report and to download a complimentary prospectus.