engagement et activisme actionnarial

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Say on pay : éléments statistiques

« Companies Wind Up in the ‘Penalty Box’ on Executive Pay »… c’est sous ce titre que The Wall Street Journal revient le 20 avril 2016 sur le say on pay et les révoltes récentes de plusieurs actionnaires de grandes sociétés américaines.

Last week, for ~nstance, BP PLC saw a majority of votes cast against the oil company’s compensation decisions for 2015.

The only thing worse than losing a say-on-pay vote is losing two votes. Or three. Several businesses with multiple defeats, such as TCF Financial Corp., Oracle Corp. and gectrum Pharmaceuticals ,Inc., likely will face shareholder outcries over related payor corporate governance issues this year.

In all, 39 companies in the Russell 3000 index have lost say-on-pay votes at least twice between 2011 and April 15, according to Willis Towers Watson, a consulting firm. Nine lost the vote tliree or more times, its analysis found.

After losing a pay vote, many boards work hard to overcome investor dissatisfaction by  conferring with major stock.

À la prochaine…

Ivan Tchotourian