While non-binding, “say on pay” votes — which the SEC mandates must be held every three years by public entities — serve as a barometer regarding shareholders’ views of executive compensation, and failing votes can provide a strong signal of such to leadership and the company’s board. As of June 26, only five companies in the S&P 500 saw failing say on pay votes, according to a recent post on the Harvard Law School’s Forum for Corporate Governance. READ MORE