Hogan Lovells publishes Corporate Governance Outlook 2019

Washington, DC, 19 December 2018 – Hogan Lovells, in conjunction with Equilar and Donnelly Financial Solutions, today published Corporate Governance Outlook 2019.

The report features commentary on companies’ approach to governance issues and communications with shareholders through proxy statements and other channels. It also provides a preview of 2019 with respect to shareholder engagement and proposals, the CEO Pay Ratio, Say on Pay, mandatory retirement ages for directors, and other corporate governance trends.

Key highlights of the report include:

  • For the first time in the study, less than half of Equilar 500 companies received more than 95% approval on their executive pay packages, more than 10% less than the year before.
  • Though environmental and social issues still are the most popular proposal topic, those concerning general shareholder rights have become increasingly more popular in 2018, making up 35.6% of all shareholder proposals at Equilar 500 companies. 
  • The median CEO Pay Ratio at Equilar 500 companies was 168 to 1, while the average CEO Pay Ratio was 271 to 1.
  • Over 500 directors in the Equilar 500 are within five years of their respective boards’ mandatory retirement age.

Hogan Lovells partners Alex Bahn, John Beckman, Alan Dye, Amy Freed, Martha Steinman, and Lillian Tsu contributed to the report.

Corporate Governance Outlook 2019 can be downloaded here.


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