Peer Groups for Executive Pay Setting in the U.S.

Perhaps more than any other market, the U.S. has relied heavily on equity compensation as a key means to retain and incentivize top executives. Indeed, equity compensation has facilitated higher levels of total executive pay in the U.S. compared to other markets.

This report is part of the Glass Lewis "In-Depth series" - a growing library of ESG-focused literature that illuminates the topics at the top of the agenda for investors and public companies.

This report is part of the Glass Lewis "In-Depth series" - a growing library of ESG-focused literature that illuminates the topics at the top of the agenda for investors and public companies.

A significant number of public companies failed to comply with certain provisions, including those on chair tenure and executive pension contribution levels. Instead, companies often opted to explain these deviations, in keeping with the Code's comply or explain principle. This paper reviews the most common provisions of non-compliance among the FTSE 350 and smaller Main Market companies, respectively.