Support Declines as Investors Look for More Pay Transparency
2022 average support at self-managed REITs decreased to the lowest level since 2013. As ISS and investor expectations for transparency have risen, their preference for formulaic incentive programs has simultaneously increased. ISS was especially critical of incentive programs with a high degree of subjectivity and those with incomplete or limited disclosure on performance goals and weightings. Learn more in our 2022 REIT Say-on-Pay Recap.
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