In "2020 CD&A Tip of the Year: Be Transparent About Shareholder Engagement," Pearl Meyer illustrates graphically how companies may wish to structure their CD&A shareholder engagement narrative in the event of sub-par shareholder support for their say-on-pay to increase the likelihood of ISS and Glass Lewis support:
Voting results notwithstanding, the firm suggests all companies consider disclosing how they have responded to shareholder feedback on executive compensation matters in view of heightened transparency expectations generally.
See the sample CD&A shareholder engagement disclosures in Donnelley's "Guide to Effective Proxies" posted on our Annual Meeting/Proxy Statement page. This post first appeared in the weekly Society Alert!