The real-estate investment trust industry, which has gotten high marks in recent years for adopting compensation programs that investors like, has suffered a bit of slippage in 2016.
So far this year, four REITs including mall giant General Growth Properties Inc. have had pay plans rejected by shareholders in nonbinding votes. By comparison, only one REIT received such a drubbing in 2015.
Proxy advisory firm Institutional Shareholder Services Inc. pointed out that there is still more room for improvement, especially among some externally-managed REITs. ISS recommended that investors vote against the compensation programs of 25 REITs this year, up from 14 last year.
“The REIT industry as a whole has taken somewhat of a black eye because of a number of bad-acting, smaller companies that have not provided transparency at all,” said John Roe, head of advisory at ISS Corporate Solutions.
Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial…
The pay gap between CEOs and their employees has widened over the past half decade,…
Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly…
Elon's Musk's $56 billion pay package's upheaval, a hedge fund sanctioned for failing to preserve…
Disclosures about directors' skills and expertise are increasingly coming under the microscope as investors ramp…
On Jan. 1, several of the nation's biggest companies — including Morgan Stanley, Kraft Heinz,…