A Towers Watson report on say-on-pay voting during the early 2013 proxy season prompted P&I Online to ask readers whether shareholders should have a vote on executive pay.
At 80.4% of votes, an overwhelming majority of P&I Online readers answered “Yes.”
“No” received 11.1% and “depends on the company” received 8.5% of votes.
In early proxy voting so far this year, shareholders have voted on average 90% to ratify executive compensation in advisory say-on-pay voting, which is on par with prior years, according to Towers Watson. For more about the report, read "Say-on-pay votes expected to hold steady this year, Towers Watson says."