The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Wed, 09 Sep 2026 13:48:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.10 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Lessons Learned So Far During the 2012 Proxy Season – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Lessons Learned So Far During the 2012 Proxy Season https://corpgov.law.harvard.edu/2012/07/12/lessons-learned-so-far-during-the-2012-proxy-season/?utm_source=rss&utm_medium=rss&utm_campaign=lessons-learned-so-far-during-the-2012-proxy-season https://corpgov.law.harvard.edu/2012/07/12/lessons-learned-so-far-during-the-2012-proxy-season/#comments Thu, 12 Jul 2012 13:20:06 +0000 http://blogs.law.harvard.edu/corpgov/?p=30541?d=20150113141559EST Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Thursday, July 12, 2012
Editor's Note:

The following post comes to us from Regina Olshan, partner in the executive compensation and benefits practice at Skadden, Arps, Slate, Meagher & Flom LLP, and is based on a Skadden alert by Ms. Olshan, Stuart N. Alperin, Neil M. Leff, Erica Schohn, Joseph M. Yaffe, and Barbara R. Mirza.

As we reach the peak of the 2012 proxy filing season, we are continuing to monitor the following developments:

What are the overall vote results?

Of the first 1,656 companies to report the results of say-on-pay proposals, approximately:

  • 70 percent have passed with more than 90 percent support;
  • 21 percent have passed with between 70 percent and 90 percent
    support;
  • 7 percent have passed with between 50 percent and 70 percent
    support; and
  • 3 percent (45 companies) obtained less than 50 percent support.

While the overall proportions are generally not dissimilar to 2011 results, we have already seen more companies fail their say-on-pay votes this year than in the entire season last year. Four companies have seen failed votes in both 2011 and 2012.

(more…)

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