NEW YORK, April 27, 2016 /PRNewswire/ -- The EY Center for Board Matters (CBM) today launched a new online resource, Corporate Governance by the Numbers," that will provide timely data topics in corporate governance, such as director elections, board composition, board and executive compensation, Say-on-Pay votes, shareholder proposals and voting results. These insights come directly from the CBM proprietary corporate governance database, which collects and analyzes data for more than 3,000 US public companies, and it will be updated on a monthly basis.
"We are delighted to launch this new, unique data resource for the corporate governance community, including board members and senior executives," said Mark Manoff, EY Americas Vice Chair and leader of the EY Center for Board Matters. "Board members face an increasingly challenging and complex environment. The need for timely, relevant data to help directors anticipate trends inside and out of the boardroom is crucial."
Ann Yerger, an Executive Director of Ernst & Young LLP and with the EY Center for Board Matters adds, "Our proprietary database is a key differentiator and valuable resource for stakeholders in the corporate governance community, we are eager to make this data more accessible. 'Corporate Governance by the Numbers' will be an important resource for anyone seeking independent, regularly updated governance data."
At this early stage of the season, as of March 31, 2016, the data page reveals:
- Only 2.4% of directors have received less than 80% support to date.
- S&P 400 midcap companies are demonstrating the highest differential between CEO pay and that of other named executive offices – and S&P 500 large cap companies the lowest.
- A handful of companies failed to receive majority support for their Say-on-Pay proposals so far this season.
- Ten proxy access proposals have come to a vote, averaging 47.6%, with the highest support level coming in at more than 70%.
- Environmental and social topics dominate the proportion of shareholder proposals voted. These proposals account for a little more than half of all shareholder proposals voted. This figure is expected to decline as more proposals on board-focused matters come to a vote.
The EY Center for Board Matters was launched in early 2014 to promote and encourage effective corporate governance. For more information about the EY Center for Board Matters or to view the data page, visit ey.com/boardmatters.
About The EY Center for Board Matters
Effective corporate governance is an important element in building a better working world. The EY Center for Board Matters is committed to bringing together and engaging with boards, audit committee members and investors to exchange ideas and insights. Using our professional competencies, relationships and proprietary corporate governance database, we are able to identify trends and emerging governance issues. This allows us to deliver timely and balanced insights, data-rich content and practical tools and analysis to boards, audit committees, institutional investors and others interested in governance topics.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This release has been issued by Ernst & Young LLP, an EY member firm serving clients in the US.