On the heels of recent breaking news that JPMorgan had identified an error in ISS’s say-on-pay analysis, prompting ISS to reverse its recommendation to vote against the proposal, “Watching the Watchers, A Cautionary Tale Regarding Negative Say on Pay Vote Recommendations” from EdwardHauder.com advises companies to take certain steps as a matter of course in the face of a negative vote recommendation rather than assuming the recommendation is based on accurate data.
Access additional resources on our Say-on-Pay and Proxy Advisors pages. This post first appeared in the weekly Society Alert!