What is a Say-on-Pay vote?
Say-on-Pay is the term used for the shareholders’ vote on approving top executives’ compensation packages. The votes are only required to be advisory, but each company must disclose in the Compensation Discussion and Analysis (CD&A) how its compensation policies have taken into account the results of the most recent Say-on-Pay vote. The Securities and Exchange Commission (SEC) also requires the formation of Compensation Committees to monitor and report on compensation issues. For support and additional information, explore our Annual Meeting and Proxy Solutions.