Semler Brossy featured in Bloomberg: “Use SEC Pay Ratio to Set Chief Exec’s Pay, Academic Says”
From the March 22 article in Bloomberg BNA’s Corporate Law & Accountability Report: “Although say-on-pay has forced engagement among management, boards and investors on pay issues, it hasn’t dampened high CEO compensation, Barbara Krumsiek, director at Pepco Holdings Inc., said.
Say-on-pay definitely has made compensation committees sit up straight and be diligent, and it is a very important light to shine on compensation, she said.
A recent study by Semler Brossy Consulting Group found that 91 percent of shareholders voted to approve executive compensation plans last year. Sixty-one companies failed say-on-pay in 2015, the highest number of negative votes in any year since they were first required to be held in 2011, the study found.
Deborah C. Wright, a Time Warner Inc. director, agreed that little has changed when it comes to CEO pay, though companies and boards spend a lot of time and money on compensation consultants attempting to develop metrics and peer groups to set executive pay.”
Read the full article, “Use SEC Pay Ratio to Set Chief Exec’s Pay, Academic Says.”