Say on pay – or say on corporate performance?

Shareholder perceptions, proxy advisory firms and director voting play a part in votes
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 12/15/2014

Say on pay (SOP) has become an established practice in Canada, with many companies voluntarily allowing shareholders to vote on their executive compensation packages.

Over the past few years, 80 per cent of TSX 60 companies have adopted this policy and 120 held the vote in 2013, with support averaging about 90 per cent, according to Mercer.