Rise in average support despite increase in Against recommendations.
Average support for REIT Say-on-Pay proposals continues to rise from the record low levels of support seen in 2022. While ISS recommendations continue to carry significant weight in vote outcomes for Say-on-Pay proposals, fewer REITs failed their 2024 Say-on-Pay proposal despite an increase in the number of Against recommendations.
To continue reading, download a PDF of the full 2024 REIT Say-on-Pay Recap.
For additional information, please contact Katie Gaynor.