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Responding to a Low Say-on-Pay Vote: Consider These Tactics

By Randi Morrison posted 07-28-2025 08:32 PM

  

DragonGC’s report: “Fortune 1000 Say-on-Pay: An Analysis of Shareholder Engagement in Response to Adverse Votes” (complimentary access here) reveals the results of its analysis of Fortune 1000 say-on-pay votes during the 2024 proxy season that garnered less than 80% shareholder support and corresponding responsive actions by companies that, in nearly all cases, triggered significantly greater say-on-pay support at 2025 annual shareholder meetings. The report discusses the various actions undertaken by companies to address shareholder opposition (e.g., changes in board oversight, peer groups, performance metrics; refined targets; adjustments) with links to relevant sections of their 2025 proxy statements. 

Access additional resources on our Say-on-Pay page.

                                    This post first appeared in the weekly Society Alert!

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