Say on Pay

Answering the Say for No Pay

Say on pay is considered an important tool to mitigate inappropriate remuneration practices. Over the years, many countries provided shareholders...

Do Institutional Investors Monitor their Large-Scale vs. Small-Scale Investments Differently? Evidence from the Say-On-Pay Vote

We examine the relation between an institution’s stock ownership and its tendency to support corporate management through the “Say-on-Pay”...

The International Scope of Say on Pay

Shareholders have long complained that top executives are overpaid by corporate directors irrespective of their performance. Largely powerless to...

Say on Pay Laws and Insider Trading

We examine whether mandatory adoption of say-on-pay increases executives’ incentives to engage in insider trading to offset the...

Say Pays! Shareholder Voice and Firm Performance

This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder ?voice? by providing shareholders with a regular vote on...

Say on Pay: Do Shareholders Care?

This paper examines the impact of enhanced executive remuneration disclosure rules and the introduction of dual voting rights under UK regulations of...

Is Say on Pay All About Pay? The Impact of Firm Performance

The Dodd-Frank Act of 2010 mandated a number of regulatory reforms including a requirement that large U.S. public companies provide their shareholders...

Say on ESG: The Adoption of Say-on-Pay Laws, ESG Contracting, and Firm ESG Performance

Concurrent with greater investor focus on ESG performance is the increasing use of ESG-related contracting metrics in executive compensation...

'Say on Pay': Cautionary Notes on the UK Experience and the Case for Shareholder Opt-In

Should Shareholders Have a Say on Acquisitions?

Shareholders of U.S. corporations have lost billions of dollars in acquisitions they never approved. In the United Kingdom the listing...