The Influence of Proxy Advisory Firm Voting Recommendations on Say-on-Pay Votes and Executive Compensation Decisions
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Authors:
David F. Larcker
Allan L. McCall
Brian Tayan -
Publication Date:
March 2012 -
Report Number:
DN-V4N5-12
This report examines evidence of the influence of proxy advisory firm voting recommendations on shareholder voting outcomes, particularly say-on-pay votes, and presents findings of a study showing the impact of those firms on the design of executive compensation programs.