Quick Quoted on Say-On-Pay Votes

Foley Partner Patrick Quick was quoted in an article that appeared in Corporate Secretary on July 29, 2011 titled “What about those say-on-pay ‘no’ votes?” Quick discusses next steps that companies can take following shareholder votes on executive compensation plans, stating that reaching out to larger shareholders will provide valuable information and show an openness to communicate. He adds that companies want to look responsive to shareholders so that bad votes this year do not negatively affect them next year.