Issue link: https://digital.shearman.com/i/1035494
Shearman & Sterling LLP 86 | Say-on-Pay FAST FACTS SAY-ON-PAY PROXY DISCLOSURES SAY-ON-FREQUENCY VOTING RESULTS 10 companies that held say-on-frequency votes in 2018 Of the ALL opted for annual say-on-pay voting OF THE TOP 100 COMPANIES: Noted that the company reviewed the results and elected not to significantly change the compensation program Disclosed the approval rate for the previous year's say-on-pay vote Noted changes made to the compensation program in response to the say-on-pay vote Provided no say-on-pay disclosures The Dodd-Frank Act requires companies to disclose whether and how the prior year's say-on-pay voting results were considered in making compensation decisions. Many companies went beyond this requirement. 49 17 85 7