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Say on Pay
Say on Pay
CGRI Research Spotlight Series. Corporate Governance Research Initiative,
2016
This Research Spotlight provides a summary of the academic literature on how shareholder voting on executive compensation plans influences executive pay. It reviews the evidence of:
- The impact of “vote no” campaigns
- The impact of shareholder voting on equity compensation plans
- The market reaction to say-on-pay legislation and proposals
- The impact of say on pay on future pay practices
This Research Spotlight expands upon issues introduced in the Quick Guide “CEO Compensation.”