Institutional Investors, Proxy Advisors Fail to Use Economic Value Creation as Major Factor In Say-on-pay Voting

A new study finds that economic value creation is not a major factor in institutional investors? Say-on-Pay voting, nor in the recommendations of the two largest proxy advisors that counsel investors how to vote. The research reveals that there is no material difference between institutional investors? Say-on-Pay voting for those companies that create economic value as compared to those that destroy value.