Small business need-to-know and of-interest. Update on 2012 proxy season at its conclusion.
Excerpt: Having reached the conclusion of the 2012 proxy season, we can report that approximately:
69 percent of say-on-pay proposals passed with more than 90 percent support;
21 percent passed with between 70.1 and 90 percent support;
7 percent passed with between 50 and 70 percent support; and
3 percent (53 companies) obtained less than 50 percent support.
Read full article via Lessons Learned from the 2012 Proxy Season — The Harvard Law School Forum on Corporate Governance and Financial Regulation.
