Say on Pay

Say on Pay is a corporate governance practice that gives shareholders the right to vote on the compensation packages of top executives. This usually happens during annual meetings, where shareholders can express their approval or disapproval of executive pay through a non-binding vote. The goal is to promote transparency, accountability, and alignment between the interests of executives and shareholders. While the vote is advisory and does not legally bind the company to change pay, it serves as an important signal of shareholder sentiment regarding how much executives are being compensated.