Deloitte has published its generalrecommendations following the recent round of say on pay votes in the U.S. Its conclusion was that, surprisingly to some, about 70% of shareholders received the equivalent of an A grade, in the sense that they received for votes from greater than 90% of shareholders.
The report: http://bdti.mastertree.jp/f/iazu9vnb
Deloitte also concluded:
A disconnect between pay and performance is the factor most commonly cited by proxy advisory firms when making an “against” recommendation. Thus, it is critical for companies to constantly monitor and evaluate the relationship of pay and performance, and, most importantly, to clearly communicate that relationship to shareholders.
(Actually,>90%means that on average 5% of those voting were against, which doesn't seem so great. In the UK, a 5% level of voting against a director up for election, would be cause for alarm. Butso far, itapparently is the U.S. consensus that 90% means you are doing pretty well.)
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