Rep. Bill Huizenga (R-MI) along with 16 Republican co-sponsors reintroduced the Burdensome Data Collection Relief Act, H.R. 414 which would repeal the Dodd-Frank pay ratio.
This Agenda opinion piece by Center Executive Vice President Shelly Carlin suggests the growing homogenization of pay plans has been driven to a large extent by proxy advisory firms in light of say on pay, and urges compensation committees to avoid prevalent pay practices that may not fit their companies.
The Center On Executive Compensation filed comments with the U.S. Securities and Exchange Commission reiterating its views on the implementation of the Dodd-Frank pay for performance disclosure and responding to recent comments by the Council of Institutional Investors and the AFL-CIO
During the 2013 proxy season, 466 S&P 500 companies reported say on pay results. 460 companies (98.71%) reported received majority support, averaging 91.84% support with a median of 95.49%.
The 2013 proxy season saw more companies receive higher shareholder support for their say on pay proposals. For S&P 500 companies, the average shareholder support for say on pay was nearly 91%.