Institutional Shareholder Services has announced a new executive compensation database that will serve as the basis for its US corporate governance research and proxy analysis going forward.
The new database – available through direct data feeds or through an on-demand, web-based interface – includes historical Chief Executive Officer and Named Executive Officer (NEO) compensation data for over 4,000 firms. It also includes Management Stock Option Plan (MSOP) data for the most recent reported period.
Salary, bonus, stock-based incentive awards, option grants, non-equity incentive plan payouts, deferred compensation payouts and other components of total compensation are included.
“In today’s highly scrutinized world of performance-based executive pay, shareholders needgreater visibility into executive compensation and the various components driving CEO and/or NEO pay,” said Martha Carter, head of global research for ISS.
ISS, now part of index firm MSCI, said executive compensation is a “lightning rod for investors” which has intensified with the Dodd-Frank Act and shareholders’ say-on-pay advisory votes. It noted that shareholders voted down the pay plans at more than 30 US companies in 2011.
“We firmly believe that ISS can play an increasingly important role as a data supplier to financial institutions, market intermediaries and corporate issuers,” said Stephen Harvey, Head of ISS.
He said the data could be used in investment research, portfolio risk management and engagement with investee companies. ISS announcement