Survey Results: Proxy Solicitors


1. Does your company use a proxy solicitor for the proxy season: (Total responses: n=37)
(select only one)
n=24 (64.86%) Yes, every year
n=9 (24.32%) Only in years of special need
n=4 (10.81%) No, we don't use proxy solicitors

2. If a proxy advisor (ie. ISS/Glass Lewis) recommended a vote 'against' your company's say-on-pay proposal, your proxy solicitor's SOP projection (at record date vs. final voting results) was: (Total responses: n=24)
(select only one)
n=1 (4.17%) Less than 3% (small margin between what estimated and what occurred)
n=4 (16.67%) Within ± 3% - 5%
n=2 (8.33%) Within ± 5% - 10%
n=3 (12.50%) Within ± 10% - 15%
n=0 (0.00%) More than 15% (large margin)
n=14 (58.33%) Other/Don't know

3. If your proxy solicitor's say-on-pay projection substantially missed the mark during your latest proxy season, do you feel it was: (Total responses: n=22)
(select only one)
n=4 (18.18%) Likely due to a good reason (eg. unforeseen circumstances)
n=2 (9.09%) Not likely due to a good reason (ie. they just blew it)
n=16 (72.73%) Don't know