Quick Quoted on Say-On-Pay Best Practices in 2012

Foley Partner Patrick Quick provided insight into the trends that occurred in say-on-pay votes in 2011 as well as some best practices that boards of directors can follow as say-on-pay enters its second year. Quick said that several lawsuits followed say-on-pay votes in 2011 due to a lack of clear communication between companies and shareholders. He added that companies should be clear about how they measure performance and how that measure is reflected in compensation while also being mindful of how shareholders are evaluating performance.