The Center On Executive Compensation joined several other business groups this week in sending a letter supporting H.R. 5756, which would instruct the Securities and Exchange Commission to require higher levels of support for shareholder proposals in order for their proponents to resubmit them during subsequent proxy seasons.
Last week, proxy advisory firms Glass Lewis and ISS responded to dual letters sent to the firms by six Republican Members of the Senate Banking Committee.
The Center On Executive Compensation and Equilar announced a new online tool developed by the Center for assessing the prevalence of executive incentive plan metrics and their correlation with long-term shareholder value.
According to Center Data, the average length of an S&P 500 CD&A has increased from 15.5 pages in 2012 to 17.7 pages in 2015.
Lobbying and Political Spending Disclosure Shareholder proposals remain the most popular ESG proposal among S&P 500 companies.