Governance & Policy
Say on Pay
A shareholder vote on executive remuneration, now mandatory in many markets — the template for other advisory votes such as say on climate.
Definition
Say on pay is a mechanism giving shareholders a vote on executive compensation — advisory in most jurisdictions (UK, US), binding in some (Switzerland, Netherlands, on policy) — typically covering the remuneration report annually and the remuneration policy periodically. Introduced in the UK in 2002 and mandated in the US by Dodd-Frank (2010), it has spread across Europe and other markets.
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