Say on Pay: Getting to Yes

Challenge: Our North America GECN company was engaged by a Fortune 500 company that received, prior to this company’s involvement, an unacceptable 24% Say on Pay (SOP). With this company’s assistance, the company took decisive action to ensure a significantly better vote the following year.

Approach: The GECN worked with the company to redesign its compensation program and administration of the program to better fit with the company’s new business strategy. We also assisted in developing a new peer group more appropriate to the company’s industry, size, and business model, and we reset the target executive pay positioning strategy to gear to the 50th percentile.

Results: The company’s decisive action in responding to investor concerns quickly and effectively was embraced by shareholders, resulting in strong 99% SOP support in successive years.

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