The overall say-on-pay proportions for 2014 are not substantially different from those in prior years, with the overwhelming majority of companies easily getting majority support on say-on-pay proposals. Despite this seeming status quo, some companies have seen shifts in support of up to 30 percent or more, typically driven by year-over-year changes in proxy advisory firm recommendations.

2014 Say-on-Pay Proposal Support Levels Chart

In November 2014, Skadden's Executive Compensation and Benefits Group published the first edition of its Compensation Committee Handbook. The Handbook is intended to help compensation committee members understand and comply with the duties imposed upon them and to serve as a useful resource for compensation committee advisers. Although not intended to be an exhaustive compliance resource, the Handbook provides helpful insights and brings clarity to an area that has become increasingly complex.

This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws.

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