Institution Theme Category Industry
  • Northern Trust
  • Governance
  • Compensation
  • Construction
Company Year Market Link
Not disclosed - Construction company that provides diversified general contracting, construction management and design-build services to private customers and public agencies worldwide and has a market cap of over U.S. $850m N/A N/A https://cdn.northerntrust.com/pws/nt/documents/legal/stewardship-process.pdf

Since 2017, we have annually engaged with a U.S. construction company over a range of compensation concerns. The company provides diversified general contracting, construction management and design-build services to private customers and public agencies worldwide and has a market cap of over U.S. $850m. In these discussions, we expressed concerns around the magnitude of pay, disclosures, the compensation committee composition, and other matters.

Details

  • Proponent
  • Management
  • Resolution
  • Management Say on Pay
  • Vote
  • AGAINST
  • Rationale
  • N/A
  • Details
  • The company was receptive to our advice, but not responsive to it (i.e., made no commitment to change), leading to us voting against the management say-on-pay resolution in 2019. We will continue to pursue a dialogue with the company until we are satisfied with the structure of its pay program.