Repeat Offenders: Where Investors Rejected Say-on-Pay Again

A small group of S&P 500 companies are struggling to regain investor trust after repeated say-on-pay failures. According to MyLogIQ data, nine companies have failed say-on-pay votes more than once between 2021 and mid-2025, underscoring how difficult it can be for boards to correct compensation misalignment once credibility is lost.

The analysis highlights cases such as Simon Property Group and Viatris, where shareholder support rebounded temporarily before slipping again. Governance experts note that fluctuating performance, one-time awards, and weak alignment between pay and results often drive renewed opposition. The findings reinforce the importance of sustained shareholder engagement and disciplined compensation design, rather than one-off fixes, to restore long-term support.

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