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



Technology industries that saw an increase in companies falling under one or both proxy firms’ Board Responsiveness Policies include retail, semiconductors, software & services, and technology hardware. Additionally, software & services and technology hardware companies also saw declining average year-over-year support. These results signal that investors are increasingly unwilling to provide corporate issuers the benefit of the doubt in a continued trend of escalating CEO pay levels and more volatile stock prices.