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March 30, 2009 Forum Report:

Inviting Comments on RiskMetrics Analysis of “Say on Pay” Votes



Forum Report


Inviting Comments on RiskMetrics Analysis of “Say on Pay” Votes

Carol Bowie of the RiskMetrics Governance Group has requested the Forum's consideration of her firm's report on how it will determine "Say on Pay" voting:

  March 16, 2009 RiskMetrics Group (f/k/a Institutional Shareholder Services - "ISS"): "Evaluating U.S. Company Management Say on Pay Proposals" (12 pages, 136 KB, in PDF format)

The nine questions presented with summaries of what RiskMetrics will consider, on pages 7-9, provide a useful variation of TIAA-CREF's "Ten Questions," and will be addressed in the Forum's workshop project seeking a standard set of questions for both corporate and investor use.  (The questionnaire for offering anonymous views is still open: click here.)

Comments on the RiskMetrics report, including its nine questions, will be welcomed.

           GL – March 30, 2009


Gary Lutin

Lutin & Company

575 Madison Avenue, 10th Floor

New York, New York 10022

Tel: 212-605-0335






This Forum program is open, free of charge, to anyone concerned with investor interests relating to shareholder advisory voting on executive compensation, referred to by activists as "Say on Pay." As stated in the posted Conditions of Participation, the Forum's purpose is to provide decision-makers with access to information and a free exchange of views on the issues presented in the program's Forum Summary. Each participant is expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

The organization of this Forum program was supported by Sibson Consulting to address issues relevant to broad public interests in marketplace practices, rather than investor decisions relating to only a single company. The Forum may therefore invite program support of several companies that can provide both expertise and examples of performance leadership relating to the issues being addressed.

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