A Recap of 2019 Say-on-Pay Voting Results at Financial Services Companies by Industry



The insurance industry saw an increase in companies falling under one or both proxy firms’ Board Responsiveness Policies as well as declining average support for pay votes. These results signal that some investors are unwilling to provide corporate issuers the benefit of the doubt in a continued trend of escalating CEO pay levels and more volatile stock prices. Nonetheless, average say-on-pay support is still very strong for banks, diversified financial services and insurance companies.