The Interfaith Center on Corporate Responsibility (ICCR) and many of its members, including United Church Funds, have long championed the alignment of compensation incentives with long-term, sustainable value, well before the Dodd-Frank law mandated Say on Pay votes. The largest asset managers in the world also state the importance of designing executive compensation packages with long-term sustainable growth in mind. But new research commissioned by ICCR reveals that support for executive compensation varies widely between asset managers. These differences carry significant implications for asset owners and asset managers given the concentration of voting power in a small number of U.S. firms and the growing scrutiny of executive compensation design.

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