In ISS’ secondary survey results announced yesterday, the focus was primarily on compensation. We previously discussed the larger survey results here. Final policy updates that apply to the 2018 season should be issued in November.
Non-employee Director Pay. The highest paid non-employee directors in 2017 received more than $2 million in annual compensation, compared to $260,000 for the median S&P 500 director. Investors who responded to the survey believe that non-employee director pay programs should be analyzed by comparing the pay received against (ranked by preference): the 4-digit GICS industry group, the relevant stock market index peers and all companies. Continue Reading