ICCR’s newly released report: “Excessive Executive Compensation: Investor Guidance,” calls for stronger investor stewardship and oversight of executive compensation practices. Among other things, the report raises concerns about whether excessive executive compensation and widening pay disparities may create broader systemic and economic risks, highlights continued high shareholder support for say-on-pay proposals despite these concerns, and provides examples of how certain ICCR members and other investors have incorporated executive compensation and income inequality considerations into proxy voting guidelines and stewardship frameworks.
Accompanying the report is an “Investor Statement on Excessive Executive Compensation,” signed by a coalition of investors representing more than $113 billion in AUM, calling on investors to strengthen oversight, transparency, and alignment in executive pay, including by reviewing their proxy voting records and guidelines on executive compensation, and engaging with companies and across the investment ecosystem to support improved practices.
This post first appeared in the weekly Society Alert!