U.S. firms receiving strong overall support for say on pay

An analysis by Towers Watson of Russell 3000 companies reporting say-on-pay votes through June finds U.S. firms have strong shareholder support for their executive pay programs. Only 2% of firms surveyed had failing say-on-pay votes, and the average level of shareholder support for say-on-pay votes in 2013 stood at 90%. The most common modifications by companies receiving below-average votes were using more rigorous incentive metrics and adjusting the mix of executive compensation.