{"id":26061,"date":"2021-09-28T00:00:00","date_gmt":"2021-09-27T23:00:00","guid":{"rendered":"https:\/\/www.labrador-transparency.com\/?p=26061"},"modified":"2026-06-05T08:03:27","modified_gmt":"2026-06-05T07:03:27","slug":"effective-investor-communications-disclosure-considerations-after-a-low-failed-say-on-pay-vote","status":"publish","type":"post","link":"https:\/\/www.labrador-transparency.com\/en\/blog\/effective-investor-communications-disclosure-considerations-after-a-low-failed-say-on-pay-vote\/","title":{"rendered":"Effective Investor Communications: Disclosure Considerations After a Low\/Failed Say-on-Pay Vote"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"26061\" class=\"elementor elementor-26061\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0172b9c e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"0172b9c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-841356d elementor-widget elementor-widget-text-editor\" data-id=\"841356d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This Thought Piece highlights examples of certain key disclosures that the proxy advisory firms want to see after a low say-on pay vote. While some of the following examples are from proxy statements published by companies after a low say-on-pay score, others are from companies that publish these \u201cbest practice\u201d disclosures as a matter of course.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0867a0 elementor-widget elementor-widget-text-editor\" data-id=\"f0867a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><a href=\"https:\/\/www.equilar.com\/blogs\/574-how-companies-react-to-say-on-pay-failures.html\">https:\/\/www.equilar.com\/blogs\/574-how-companies-react-to-say-on-pay-failures.html<\/a><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-423697a elementor-widget elementor-widget-heading\" data-id=\"423697a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Proxy Advisors Expect<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b1a65e elementor-widget elementor-widget-text-editor\" data-id=\"9b1a65e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2><a href=\"https:\/\/www.issgovernance.com\/file\/policy\/active\/americas\/US-Compensation-Policies-FAQ.pdf?v=2024.12.1#page=8\">ISS\u2019 review takes into consideration the following when a say-on-pay proposal receives less than 70% support<\/a><\/h2><ul><li>The disclosure of details on the breadth of engagement, including information on the frequency and timing of engagements, the number of institutional investors, and the company participants (including whether independent directors participated);<\/li><li>The disclosure of specific feedback received from investors on concerns that led them to vote against the proposal;<\/li><li>Specific and meaningful actions taken to address the issues that contributed to the low level of support;<\/li><li>Other recent compensation actions taken by the company and\/or the persistence of problematic issues;<\/li><li>Whether the issues raised are recurring or isolated;<\/li><li>The company\u2019s ownership structure; and<\/li><li>Whether the proposal\u2019s support level was less than 50 percent, which would warrant the highest degree of responsiveness.<\/li><\/ul><div>\u00a0<\/div><p>ISS states that it will generally recommend a vote against the say-on pay proposal and incumbent compensation committee members If the company has demonstrated poor responsiveness, but may limit the adverse recommendation to the say-on-pay proposal if the board has demonstrated a limited degree of responsiveness.<\/p><h2><a href=\"https:\/\/resources.glasslewis.com\/hubfs\/2025%20Guidelines\/2025%20US%20Benchmark%20Policy%20Guidelines.pdf#page=52\">Glass Lewis\u2019 review takes into consideration the following when a say-on-pay proposal receives less than 80% support\u00b3<\/a><\/h2><ul><li>The board should demonstrate a commensurate level of engagement and responsiveness to the concerns behind the disapproval, with a particular focus on responding to shareholder feedback.<\/li><li>Compensation committee should demonstrate in its proxy statement a level of response to a significant vote against.<\/li><li>Responses we consider appropriate include engaging with large shareholders, especially dissenting shareholders, to identify their concerns, and, where reasonable, implementing changes and\/or making commitments that directly address those concerns within the company\u2019s compensation program.<\/li><\/ul><p>\u00a0<\/p><p>Glass Lewis\u2019s 2025 Benchmark Policy Guidelines say that \u201c[i]n the absence of any evidence in the disclosure that the board is actively engaging shareholders on [their compensation concerns] and responding accordingly, we may recommend holding compensation committee members accountable for failing to adequately respond to shareholder opposition.\u201d<\/p><p>\u00a0<\/p><h2>Disclosure Examples<\/h2><p>For companies with low say-on-pay votes, it is important that disclosures related to outreach and responsiveness are easy to locate. We recommend that companies hit the highlights of their responsiveness in the Proxy Summary with a cross-reference to a standalone engagement section in the CD&amp;A, apart from their normal engagement disclosures in corporate governance. Many companies also disclose highlights related to their compensation engagements in their letters from the compensation committee (at the start of CD&amp;A) and letters from board leadership (at the start of the proxy). Well-designed graphic elements are also critical to easily show the breadth of engagement and response to feedback as well as other key aspects of program design, including its link to company strategy and performance.<\/p><h2>Presenting Compensation in the Proxy Summary<\/h2><p>The Proxy Summary provides prime real estate in the opening pages of the document to begin to address how the company engaged with shareholders as a result of the prior year low say-on-pay vote. That said, to reduce duplication, consider a \u201clight\u201d approach to compensation information in the Proxy Summary with the full compensation story being addressed in detail in the CD&amp;A.\u00a0<\/p><p>Elements to consider for the Proxy Summary, as appropriate:<\/p><ul><li>The breadth and scope of the business (background about the company)<\/li><li>Business highlights (not necessarily specifically tied to compensation metrics, although financial and non-financial results tied to compensation metrics should be included)<\/li><li>Compensation elements and their metrics<\/li><li>Pay for performance alignment over time \u2013 with the performance metric(s) that is most relevant for the company and its industry<\/li><li>Compensation governance (\u201cwhat we do \/ don\u2019t do\u201d)<\/li><li>Shareholder outreach and a summary of resultant changes<\/li><\/ul><h3><strong>3M Co<\/strong><\/h3><p>In addition to a focus on at-risk compensation, disclosure highlights actual payouts under AIP and performance shares as well as board responsiveness to the say-on-pay vote<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-494a9ac elementor-widget elementor-widget-image\" data-id=\"494a9ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"759\" height=\"469\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/3m-page-12.png\" class=\"attachment-medium_large size-medium_large wp-image-26982\" alt=\"3m page 12\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/3m-page-12.png 759w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/3m-page-12-300x185.png 300w\" sizes=\"(max-width: 759px) 100vw, 759px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed17004 elementor-widget elementor-widget-image\" data-id=\"ed17004\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"247\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/3m-page-13-300x247.png\" class=\"attachment-medium size-medium wp-image-26984\" alt=\"3m page 13\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/3m-page-13-300x247.png 300w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/3m-page-13.png 741w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1b5952 elementor-widget elementor-widget-text-editor\" data-id=\"a1b5952\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>JetBlue Airways Corporation<\/strong><\/h3><p>Includes more detailed coverage of its stockholder engagement in its proxy summary and addresses how its compensation program supports business strategy before providing an overview of its business<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-672b626 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"672b626\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f30253f elementor-widget elementor-widget-image\" data-id=\"f30253f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"439\" height=\"586\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/jetblue-1.png\" class=\"attachment-large size-large wp-image-26986\" alt=\"jetblue 1\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/jetblue-1.png 439w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/jetblue-1-225x300.png 225w\" sizes=\"(max-width: 439px) 100vw, 439px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c3d434 elementor-widget elementor-widget-text-editor\" data-id=\"8c3d434\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Johnson &amp; Johnson<\/strong><\/h3><p>Provides an overview of its strategy and how it delivers value for its shareholders before linking its elements of compensation to business and performance; also addresses continued engagement with shareholders around say-on-pay even following a higher vote<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-912fb26 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"912fb26\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dedbebc elementor-widget elementor-widget-image\" data-id=\"dedbebc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"567\" height=\"720\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/jnj.png\" class=\"attachment-large size-large wp-image-26989\" alt=\"jnj\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/jnj.png 567w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/jnj-236x300.png 236w\" sizes=\"(max-width: 567px) 100vw, 567px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3177daa elementor-widget elementor-widget-text-editor\" data-id=\"3177daa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Using the CD&amp;A Executive Summary to Tell Your Compensation Story<\/h2><p>The purpose of the CD&amp;A is to give investors a clear and complete understanding of the company\u2019s compensation policies and decisions so that they may determine if: (1) the program is designed to align pay and performance and (2) the program works as intended. Companies often start with an executive summary that provides an opportunity to articulate the effectiveness of a compensation program through an overview of the compensation program\u2019s most important attributes, changes for the applicable year, and a high-level explanation of key compensation committee decisions.<\/p><p>The CD&amp;A summary is typically more expansive than that in the proxy summary, though certain key elements are frequently repeated. Each of the examples in this section includes both the proxy summary discussion of executive compensation and the CD&amp;A Executive Summary to illustrate the different approaches taken in these complementary but different sections of the proxy statement.<\/p><p>Elements to consider for the CD&amp;A Executive Summary, as appropriate:<\/p><ul><li>Business or performance highlights, particularly with respect to performance measures used in the incentive plans<\/li><li>Compensation philosophy and objectives<\/li><li>Overview and rationale for current pay elements, including weightings and underlying performance metrics, as well as how the performance metrics support the company\u2019s strategic priorities<\/li><li>Compensation highlights from the last year, including payouts under incentive programs<\/li><li>Say on pay results from the prior year (or over a three to five year period to demonstrate that the low SOP vote was an anomaly)<\/li><li>Any changes to the compensation program, especially if in response to recent say on pay results or stockholder engagement<\/li><li>How the program has aligned pay and performance and created value for shareholders over time, whether that is actual pay, realizable pay, or plan payouts over a three or five year period<\/li><li>Compensation governance (\u201cwhat we do \/ don\u2019t do\u201d)<\/li><\/ul><p>\u00a0<\/p><h3><strong>Bio-Techne Corporation<\/strong><\/h3><p>Proxy Summary highlights engagement and responsive actions taken related to executive compensation; CD&amp;A Executive Summary includes engagement in key highlights on the introductory page then presents an expanded discussion on shareholder engagement and actions taken followed by discussion of how the executive compensation program works and how it supports and aligns with creation of shareholder value<\/p><p>\u00a0<\/p><h3><strong>Proxy Summary \u2013 Executive Compensation Highlights<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-800de61 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"800de61\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8a5cba6 elementor-widget elementor-widget-image\" data-id=\"8a5cba6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"485\" height=\"636\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/bio-techne-engagement.png\" class=\"attachment-large size-large wp-image-26991\" alt=\"bio techne engagement\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/bio-techne-engagement.png 485w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/bio-techne-engagement-229x300.png 229w\" sizes=\"(max-width: 485px) 100vw, 485px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f97d151 elementor-widget elementor-widget-text-editor\" data-id=\"f97d151\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>CD&amp;A Key Highlights &amp; Executive Summary<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-25aee70 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"25aee70\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-085f3cd elementor-widget elementor-widget-image\" data-id=\"085f3cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"484\" height=\"639\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/bio-techne-executive-summary.png\" class=\"attachment-large size-large wp-image-26993\" alt=\"bio techne executive summary\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/bio-techne-executive-summary.png 484w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/bio-techne-executive-summary-227x300.png 227w\" sizes=\"(max-width: 484px) 100vw, 484px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b912632 elementor-widget elementor-widget-text-editor\" data-id=\"b912632\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>General Motors<\/strong><\/h3><p>Proxy Summary includes a narrative explanation of shareholder engagement and responsiveness and a visual overview of the compensation plan design; CD&amp;A Executive Summary begins with strategy and performance highlights then a one-page summary of program changes and disclosures enhancements along with a multi-page review of outreach and the correlating actions taken by the company in response, also includes a narrative overview of the outcomes of performance payouts to reinforce pay for performance<\/p><p>\u00a0<\/p><h3><strong>Proxy Summary \u2013 Compensation Highlights<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b15d02f e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"b15d02f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c0a9821 elementor-widget elementor-widget-image\" data-id=\"c0a9821\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"594\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation.png\" class=\"attachment-large size-large wp-image-26995\" alt=\"gm compensation\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation.png 448w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation-226x300.png 226w\" sizes=\"(max-width: 448px) 100vw, 448px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c59bdb elementor-widget elementor-widget-text-editor\" data-id=\"4c59bdb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>CD&amp;A Executive Summary<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-700d642 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"700d642\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-db9142f elementor-widget elementor-widget-image\" data-id=\"db9142f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"530\" height=\"695\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/GM-executive-summary.png\" class=\"attachment-large size-large wp-image-26997\" alt=\"GM executive summary\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/GM-executive-summary.png 530w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/GM-executive-summary-229x300.png 229w\" sizes=\"(max-width: 530px) 100vw, 530px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74d5770 elementor-widget elementor-widget-text-editor\" data-id=\"74d5770\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Boeing Company<\/strong><\/h3><p>Proxy Summary utilizes bullets to explain key highlights followed by a visual overview of the compensation plan design; CD&amp;A Executive Summary begins with a narrative overview of performance, leadership changes and the new CEO compensation package, then a narrative overview (using callout boxes) to detail changes made in response to engagement before moving into how the compensation program aligns with shareholder interests and an overview of the compensation program structure, including a summary of payouts for incentive compensation<\/p><p>\u00a0<\/p><h3><strong>Proxy Summary<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8ec2ca elementor-widget elementor-widget-image\" data-id=\"f8ec2ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"527\" height=\"673\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/boeing-proxy-summary.png\" class=\"attachment-large size-large wp-image-26999\" alt=\"boeing proxy summary\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/boeing-proxy-summary.png 527w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/boeing-proxy-summary-235x300.png 235w\" sizes=\"(max-width: 527px) 100vw, 527px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56e13b4 elementor-widget elementor-widget-text-editor\" data-id=\"56e13b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>CD&amp;A Executive Summary<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8ba0f7e e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"8ba0f7e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-68b01be elementor-widget elementor-widget-image\" data-id=\"68b01be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"504\" height=\"681\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/boeing-executive-summary.png\" class=\"attachment-large size-large wp-image-27001\" alt=\"boeing executive summary\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/boeing-executive-summary.png 504w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/boeing-executive-summary-222x300.png 222w\" sizes=\"(max-width: 504px) 100vw, 504px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e7a341 elementor-widget elementor-widget-text-editor\" data-id=\"2e7a341\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Shareholder Outreach and Changes Made as a Result<\/h2><p>In the year(s) following disappointing say on pay results, companies are expected to share details of their outreach efforts, feedback received, and actions taken in response.<\/p><p>First and foremost, proxy advisors will be looking for a robust presentation of shareholder engagement. In addition to discussing efforts made to solicit feedback from shareholders since the last Annual Meeting, companies should present facts about the feedback from shareholders voting (in specific terms and not generalities or just by topic) and how the company addressed these concerns.<\/p><p>Any changes to the compensation program should be clearly highlighted and emphasized. If changes were made following last year\u2019s say-on-pay vote, we would suggest visually showing changes (over a multi-year period if appropriate) and emphasizing that the evolving program is in line with shareholder feedback \u2013 even better if the program has evolved in line with the company\u2019s strategic transformation initiatives.<\/p><p>Use of graphic elements is critical to easily show the breadth of engagement and response to feedback. Examples of compensation-specific graphics include:<\/p><ul><li>Key engagement statistics (i.e., who\/what\/when)<\/li><li>How the Board participated in and learned about these engagements<\/li><li>\u201cWhat we heard\u201d and \u201chow we responded\u201d to directly tie compensation decisions to shareholder feedback<\/li><li>Shareholder engagement cycle<\/li><li>Timeline to demonstrate the evolution of the compensation program to better align with shareholder interests<\/li><li>Multi-year SOP results to show where a low SOP vote has been an anomaly and\/or adequately addressed<\/li><\/ul><p>\u00a0<\/p><h3><strong>Salesforce, Inc.<\/strong><\/h3><p>Includes an overview of year round engagement efforts as well as targeted efforts related to the prior year say-on-pay vote, including timing of those efforts and what the company heard and how they responded<\/p><h3>\u00a0<\/h3><h3><strong>Proxy Summary &#8211; Stockholder Engagement<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-20ce5b5 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"20ce5b5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-882722d elementor-widget elementor-widget-image\" data-id=\"882722d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"530\" height=\"693\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/salesforce-proxy-summary.png\" class=\"attachment-large size-large wp-image-27003\" alt=\"salesforce proxy summary\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/salesforce-proxy-summary.png 530w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/salesforce-proxy-summary-229x300.png 229w\" sizes=\"(max-width: 530px) 100vw, 530px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0b34ae elementor-widget elementor-widget-text-editor\" data-id=\"c0b34ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Zebra Technologies Corporation<\/strong><\/h3><p>Proxy Summary includes an overview of engagement efforts, who participated and a high level overview of key responsive actions; in CD&amp;A, the company drills down into more detail related to these engagement efforts by period and concludes with board actions in response to the feedback received<\/p><h3><strong>Proxy Summary &#8211; Stockholder Engagement<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-510c325 elementor-widget elementor-widget-image\" data-id=\"510c325\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"934\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.09.04.png\" class=\"attachment-full size-full wp-image-26098\" alt=\"Screenshot 2569 04 14 at 18.09.04\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.09.04.png 720w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.09.04-231x300.png 231w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d6eb07 elementor-widget elementor-widget-text-editor\" data-id=\"4d6eb07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>CD&amp;A Executive Summary<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2d1a387 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"2d1a387\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-928a395 elementor-widget elementor-widget-image\" data-id=\"928a395\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"490\" height=\"641\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/zebra-cda.png\" class=\"attachment-large size-large wp-image-27005\" alt=\"zebra cda\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/zebra-cda.png 490w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/zebra-cda-229x300.png 229w\" sizes=\"(max-width: 490px) 100vw, 490px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27ccdda elementor-widget elementor-widget-text-editor\" data-id=\"27ccdda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Palo Alto Networks<\/strong><\/h3><p>Presents a succinct overview of who the company engaged with, who from the company participated, the feedback received and how the compensation committee responded<\/p><h3><strong>Executive Compensation<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a78354 elementor-widget elementor-widget-image\" data-id=\"8a78354\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"718\" height=\"940\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.10.56.png\" class=\"attachment-full size-full wp-image-26102\" alt=\"Screenshot 2569 04 14 at 18.10.56\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.10.56.png 718w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.10.56-229x300.png 229w\" sizes=\"(max-width: 718px) 100vw, 718px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f5ec15 elementor-widget elementor-widget-text-editor\" data-id=\"5f5ec15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>C.H. Robinson Worldwide, Inc.<\/strong><\/h3><p>Includes column with effective date of applicable changes, also directly links evolution of compensation practices to drive alignment with strategy and long-term success in addition to other considerations<\/p><h3><strong>Proxy Summary<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e0ac5b elementor-widget elementor-widget-image\" data-id=\"4e0ac5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1328\" height=\"888\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.11.41.png\" class=\"attachment-full size-full wp-image-26104\" alt=\"Screenshot 2569 04 14 at 18.11.41\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.11.41.png 1328w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.11.41-300x201.png 300w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.11.41-1024x685.png 1024w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.11.41-768x514.png 768w\" sizes=\"(max-width: 1328px) 100vw, 1328px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-002802e elementor-widget elementor-widget-text-editor\" data-id=\"002802e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Prudential Financial, Inc.<\/strong><\/h3><p>Narrative response focused on acknowledging shareholder concerns and providing the compensation committee\u2019s perspective when no responsive changes were made to the compensation program<\/p><h3><strong>Proxy Summary<\/strong><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3df54ed elementor-widget elementor-widget-image\" data-id=\"3df54ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1052\" height=\"998\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.12.25.png\" class=\"attachment-full size-full wp-image-26106\" alt=\"Screenshot 2569 04 14 at 18.12.25\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.12.25.png 1052w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.12.25-300x285.png 300w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.12.25-1024x971.png 1024w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.12.25-768x729.png 768w\" sizes=\"(max-width: 1052px) 100vw, 1052px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc97f38 elementor-widget elementor-widget-text-editor\" data-id=\"dc97f38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Letter from the Compensation Committee<\/h2><p>After a low\/failed say-on-pay vote, we recommend a carefully considered Compensation Committee Letter to explain their rationale for compensation decisions and any additional changes that have been made.<\/p><p>Shareholders hold the compensation committee accountable for executive pay practices and want to hear from the committee that they heard the concerns and have considered them. Therefore, a letter at the outset of the executive compensation section of the proxy statement can allow the committee to present a transparent message, often in a more persuasive tone, that focuses on shareholder engagement and responsiveness and goes beyond the required Compensation Committee Report, which states simply that the committee discussed the CD&amp;A with management and recommended to the board that the CD&amp;A be included in the proxy<\/p><p>Companies should also leverage formatting to ensure key messages are highlighted, such as descriptive headings, callout boxes or other graphic elements, and cross-references to key sections of CD&amp;A.<\/p><h3><strong>General Motors<\/strong><\/h3><p>Addresses engagement with shareholders after a disappointing say-on-pay vote, highlighting refinements made and increased disclosures provided in response, then focuses on pay for performance alignment<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f473368 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"f473368\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6513a0 elementor-widget elementor-widget-image\" data-id=\"d6513a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"511\" height=\"663\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation-committee-letter.png\" class=\"attachment-large size-large wp-image-27007\" alt=\"gm compensation committee letter\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation-committee-letter.png 511w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation-committee-letter-231x300.png 231w\" sizes=\"(max-width: 511px) 100vw, 511px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fdc7b98 elementor-widget elementor-widget-image\" data-id=\"fdc7b98\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"484\" height=\"629\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation-committee-letter-page-2.png\" class=\"attachment-large size-large wp-image-27009\" alt=\"gm compensation committee letter page 2\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation-committee-letter-page-2.png 484w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/gm-compensation-committee-letter-page-2-231x300.png 231w\" sizes=\"(max-width: 484px) 100vw, 484px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f64ea9 elementor-widget elementor-widget-text-editor\" data-id=\"2f64ea9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Palo Alto Networks<\/strong><\/h3><p>Uses design features such as headings, bold and alternate colored font to highlight the key discussion points related to program design, shareholder engagement efforts and resulting design changes following a low say-on-pay vote<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-379b64f e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"379b64f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b51a32d elementor-widget elementor-widget-image\" data-id=\"b51a32d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"536\" height=\"702\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/palo-alto-page-71.png\" class=\"attachment-large size-large wp-image-27011\" alt=\"palo alto page 71\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/palo-alto-page-71.png 536w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/palo-alto-page-71-229x300.png 229w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a355dae elementor-widget elementor-widget-text-editor\" data-id=\"a355dae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Conagra Brands, Inc.\u00a0<\/strong><\/h3><p>Uses commentary in left column to highlight the company\u2019s engagement efforts, to demonstrate understanding of key shareholder concerns and to explain the company\u2019s approach to executive compensation<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4d5ab07 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"4d5ab07\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6a49358 elementor-widget elementor-widget-image\" data-id=\"6a49358\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"498\" height=\"544\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/executive-compensation-matters.png\" class=\"attachment-large size-large wp-image-27013\" alt=\"executive compensation matters\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/executive-compensation-matters.png 498w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/executive-compensation-matters-275x300.png 275w\" sizes=\"(max-width: 498px) 100vw, 498px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1ef12b elementor-widget elementor-widget-text-editor\" data-id=\"b1ef12b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>BONUS: Halliburton<\/strong><\/h3><p>Provides a Q&amp;A with the Compensation Committee Chair in addition to a letter from its compensation committee<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f38b217 elementor-widget elementor-widget-image\" data-id=\"f38b217\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"1008\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.16.13.png\" class=\"attachment-full size-full wp-image-26114\" alt=\"Screenshot 2569 04 14 at 18.16.13\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.16.13.png 770w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.16.13-229x300.png 229w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.16.13-768x1005.png 768w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44cba96 elementor-widget elementor-widget-text-editor\" data-id=\"44cba96\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Appropriately Challenging Goals<\/h2><p>Investors continue to scrutinize executive pay and hold compensation committee members accountable when compensation programs fall short, with performance-based incentives serving as the lynchpin of both compensation structure and effective disclosure. Companies should strive to provide clear disclosure of the components and mix of short and long-term incentives and demonstrate that the compensation program is thoughtfully structured with rigorous goals that appropriately align executive and shareholder interests and support corporate strategy and performance.<\/p><p>When determining whether to support a company\u2019s executive compensation program, shareholders place considerable importance on the processes used by the compensation committee and are much more likely to support a company\u2019s executive compensation, and compensation committee members, when the committee has a rigorous and thoughtful process that is clearly and comprehensively disclosed. Shareholders will want to see that the goals on which compensation is based are challenging, given the company\u2019s business model, industry, and past results, and how the process for setting<\/p><p>those goals takes company\/industry-specific factors into account, resulting in goals that evolve as those factors evolve.<\/p><p>Best practice companies:<\/p><ul><li>Include a comprehensive snapshot of the metrics, weighting, rationale for the metrics, and high-level description of how they are calculated early in the proxy summary or CD&amp;A<\/li><li>Pair this disclosure with how the goals are established and set it alongside actual results to demonstrate goal rigor<\/li><li>Provide detailed information in the discussion of incentive compensation later in the CD&amp;A<\/li><li>Clearly link each pay element to components of the company\u2019s strategy and business performance throughout the discussion<\/li><li>Highlight recent changes to the compensation program, emphasizing responsiveness to shareholder concerns or where changes were designed to better align compensation with strategic initiatives<\/li><\/ul><p>\u00a0<\/p><h3><strong>IBM<\/strong><\/h3><p>Utilizes a multi-year overview of payouts under AIP and long-term equity awards to demonstrate the appropriateness and rigor of performance goals that help support drivers of the company\u2019s business<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e44b441 elementor-widget elementor-widget-image\" data-id=\"e44b441\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"802\" height=\"1010\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.18.01.png\" class=\"attachment-full size-full wp-image-26116\" alt=\"Screenshot 2569 04 14 at 18.18.01\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.18.01.png 802w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.18.01-238x300.png 238w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.18.01-768x967.png 768w\" sizes=\"(max-width: 802px) 100vw, 802px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b5ea64 elementor-widget elementor-widget-text-editor\" data-id=\"9b5ea64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Adobe Systems Inc.<\/strong><\/h3><p>Includes narrative explanations of the rigor of performance targets followed by strong visual overviews of results to demonstrate pay-for-performance alignment<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4d894c9 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"4d894c9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-868674d elementor-widget elementor-widget-image\" data-id=\"868674d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"541\" height=\"714\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/adobe-pay-mix.png\" class=\"attachment-large size-large wp-image-27018\" alt=\"adobe pay mix\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/adobe-pay-mix.png 541w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/adobe-pay-mix-227x300.png 227w\" sizes=\"(max-width: 541px) 100vw, 541px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fceda5 elementor-widget elementor-widget-text-editor\" data-id=\"7fceda5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Netflix Inc.<\/strong><\/h3><p>Provides a timeline demonstrating the evolution of the compensation program in response to shareholder feedback<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9961eb4 elementor-widget elementor-widget-image\" data-id=\"9961eb4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"968\" height=\"938\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.19.35.png\" class=\"attachment-full size-full wp-image-26120\" alt=\"Screenshot 2569 04 14 at 18.19.35\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.19.35.png 968w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.19.35-300x291.png 300w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.19.35-768x744.png 768w\" sizes=\"(max-width: 968px) 100vw, 968px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-190ee55 elementor-widget elementor-widget-text-editor\" data-id=\"190ee55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Clear Link Between Compensation Program and Strategy<\/h2><p>Investors want the company\u2019s compensation structure to: align executive interests with shareholder interests, produce results that reflect company performance, be commensurate with peers, and rely on performance metrics that advance the company\u2019s strategy.<\/p><p>Therefore, companies should use every opportunity to strengthen the messaging around how incentive compensation metrics support company strategy and pay for performance, including clearly demonstrating how each pay element links to such components of strategy and performance. Where applicable, companies should highlight recent changes to the compensation program to align with strategic initiatives.<\/p><ul><li>In the CD&amp;A summary, companies should highlight the metrics used across the incentive program and provide a brief explanation of how these metrics support the company\u2019s strategic priorities.<\/li><li>In the broader discussion of the compensation program, disclosures for performance metrics used in short-and long-term incentive awards should be detailed and nuanced to help investors understand the unique characteristics of a company\u2019s program and the metrics used to determine payouts. Companies should explain the rationale for the selection of performance metrics used in the applicable year (including how goals are set and how they relate to the annual operating plan, guidance\/forecast, or prior year performance) and how they incentivize different components of a company\u2019s strategy and business performance.<\/li><\/ul><p>\u00a0<\/p><h3><strong>Honeywell International Inc.<\/strong><\/h3><p>Embeds within the elements of compensation table explanations of how each component of compensation links to strategy and performance<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c24f5bb elementor-widget elementor-widget-image\" data-id=\"c24f5bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"830\" height=\"918\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.20.55.png\" class=\"attachment-full size-full wp-image-26122\" alt=\"Screenshot 2569 04 14 at 18.20.55\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.20.55.png 830w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.20.55-271x300.png 271w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.20.55-768x849.png 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6c85d5 elementor-widget elementor-widget-text-editor\" data-id=\"c6c85d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Exxon Mobil Corporation<\/strong><\/h3><p>Uses narrative and infographics to explain how long-term strategic objectives are integrated into the process of setting performance goals<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e825962 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"e825962\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-009dab9 elementor-widget elementor-widget-image\" data-id=\"009dab9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"451\" height=\"598\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/exxonmobil.png\" class=\"attachment-large size-large wp-image-27020\" alt=\"exxonmobil\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/exxonmobil.png 451w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/exxonmobil-226x300.png 226w\" sizes=\"(max-width: 451px) 100vw, 451px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0f3cd8 elementor-widget elementor-widget-text-editor\" data-id=\"a0f3cd8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>S&amp;P Global Inc.<\/strong><\/h3><p>Includes additional information on how plan design within the link to strategy &amp; business column and adds links to more detailed discussion later in CD&amp;A<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0fb244a elementor-widget elementor-widget-image\" data-id=\"0fb244a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"818\" height=\"902\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.22.24.png\" class=\"attachment-full size-full wp-image-26126\" alt=\"Screenshot 2569 04 14 at 18.22.24\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.22.24.png 818w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.22.24-272x300.png 272w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.22.24-768x847.png 768w\" sizes=\"(max-width: 818px) 100vw, 818px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaf6b69 elementor-widget elementor-widget-text-editor\" data-id=\"eaf6b69\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Scorecard to Highlight NEO Performance<\/h2><p>Investors want to understand the factors the compensation committee considers and how the actual compensation paid to an officer was tied to their performance<\/p><p>Accomplishments \u2013 especially when the committee has some discretion.<\/p><p>In addition to providing additional transparency, NEO scorecards are particularly effective when incentive plans are non-formulaic, performance metrics differ by NEO, or discretion is used in determining the achievement of one or more performance metrics to (1) help investors understand the factors used by the compensation committee to determine accomplishments and (2) demonstrate the rigor of the evaluation process. Scorecards also provide an opportunity to explain changes made to a particular NEO\u2019s compensation or a one-time award given that is unique to one or more NEOs, whether in light of shareholder feedback, job changes, or other corporate events.<\/p><p>Overall presentation of scorecards varies from simple to elaborate:<\/p><ul><li>Some are short overviews of individual elements of compensation, while others are comprehensive disclosures of pay and individual performance accomplishments during the year.<\/li><li>Presentations can range from tables of accomplishments by individual to highly visual overviews that include pictures of the NEOs and primary responsibilities in addition to the compensation information.<\/li><li>Many companies provide a scorecard for each named executive officer, but some only include a fulsome scorecard for the CEO and summary descriptions for the other named executives.<\/li><\/ul><p>Scorecards are best placed at the start of the CD&amp;A to provide context for the discussion that follows or near the end \u2013 after the various compensation components are explained \u2013 to summarize the compensation story.<\/p><h3><strong>PepsiCo Inc.<\/strong><\/h3><p>Presents highlights of NEO performance and compensation overview in a tabular overview<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08fcab4 elementor-widget elementor-widget-image\" data-id=\"08fcab4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1302\" height=\"518\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.01.png\" class=\"attachment-full size-full wp-image-26128\" alt=\"Screenshot 2569 04 14 at 18.24.01\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.01.png 1302w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.01-300x119.png 300w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.01-1024x407.png 1024w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.01-768x306.png 768w\" sizes=\"(max-width: 1302px) 100vw, 1302px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc2efd2 elementor-widget elementor-widget-text-editor\" data-id=\"bc2efd2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>JPMorgan Chase &amp; Co.<\/strong><\/h3><p>Includes detailed performance summary (while also demonstrating the link between performance and strategic initiatives) as well as thumbnail photo and brief biography<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf7fc44 elementor-widget elementor-widget-image\" data-id=\"bf7fc44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"922\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.49.png\" class=\"attachment-full size-full wp-image-26130\" alt=\"Screenshot 2569 04 14 at 18.24.49\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.49.png 760w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.24.49-247x300.png 247w\" sizes=\"(max-width: 760px) 100vw, 760px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d988f2a elementor-widget elementor-widget-text-editor\" data-id=\"d988f2a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Walmart Inc.<\/strong><\/h3><p>Includes overview of key compensation decisions and stock ownership; also visually demonstrates pay mix as well as actual incentive payouts, including as a percentage of target<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3eef73f elementor-widget elementor-widget-image\" data-id=\"3eef73f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"754\" height=\"918\" src=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.25.28.png\" class=\"attachment-full size-full wp-image-26132\" alt=\"Screenshot 2569 04 14 at 18.25.28\" srcset=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.25.28.png 754w, https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/Screenshot-2569-04-14-at-18.25.28-246x300.png 246w\" sizes=\"(max-width: 754px) 100vw, 754px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-88010fe e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"88010fe\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>This Thought Piece highlights examples of certain key disclosures that the proxy advisory firms want to see after a low say-on pay vote. While some of the following examples are from proxy statements published by companies after a low say-on-pay score, others are from companies that publish these \u201cbest practice\u201d disclosures as a matter of [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":26057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[64],"tags":[],"class_list":["post-26061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-proxy-reporting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Effective Investor Communications: Disclosure Considerations After a Low\/Failed Say-on-Pay Vote | Labrador Transparency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.labrador-transparency.com\/en\/blog\/effective-investor-communications-disclosure-considerations-after-a-low-failed-say-on-pay-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Effective Investor Communications: Disclosure Considerations After a Low\/Failed Say-on-Pay Vote | Labrador Transparency\" \/>\n<meta property=\"og:description\" content=\"This Thought Piece highlights examples of certain key disclosures that the proxy advisory firms want to see after a low say-on pay vote. While some of the following examples are from proxy statements published by companies after a low say-on-pay score, others are from companies that publish these \u201cbest practice\u201d disclosures as a matter of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.labrador-transparency.com\/en\/blog\/effective-investor-communications-disclosure-considerations-after-a-low-failed-say-on-pay-vote\/\" \/>\n<meta property=\"og:site_name\" content=\"Labrador Transparency\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-27T23:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-05T07:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.labrador-transparency.com\/wp-content\/uploads\/2026\/04\/img-cover-Effective-Investor-Communications-Disclosure-Considerations-After-a-Low-Failed-Say-on-Pay-Vote.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"584\" \/>\n\t<meta property=\"og:image:height\" content=\"756\" 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