Foley Partner Peter Fetzer was quoted in an article that appeared in Compliance Week on December 21, 2010 titled “Early Proxy Filers Lean Toward Triennial Say-on-Pay.” Fetzer discusses the question of frequency that has emerged for companies deciding how often to hold advisory votes that will give shareholders a say on executive pay under the Dodd-Frank Act. He states that most companies will likely be swayed by Institutional Shareholder Services and institutional investors who strongly recommend holding annual votes, adding that some companies view an annual vote preferably because it will become routine. Fetzer adds that most boards will want to use the opportunity to make a recommendation on voting frequency.
