Shareholders' rejection of Citigroup's executive compensation plan last month garnered lots of press, but for the most part investors are giving pay packages a thumbs up this year, in line with last year's results.

Statistics from HR consulting company Towers Watson show companies have averaged support of 89% in the close to 900 say-on-pay votes conducted so far this year, little changed from average support of 90% in 2011.

"You look at our summary and you see a lot of consistency that doesn't look too different from last year," says Jim Kroll, senior consultant at Towers Watson. "But the failures are consistent as well. A meaningful number of companies failed last year, and in percentage terms we're tracking along those lines."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.