Last week, Equilar announced that it had opened up its peer group update process for companies. Russell 3000 companies and Canadian companies in the S&P/TSX Composite Index can provide updated peer groups that will be disclosed with their next proxy covering pay decision made for this current fiscal year (i.e., calendar year companies that changed their peer group for 2013 pay decisions which will be disclosed as part of the company’s 2014 proxy).
Companies will be able to provide peer group updates until December 31, 2013. The updated peer groups will be used by Equilar in Equilar’s Pay for Performance Analysis and Glass Lewis’ (Say on Pay) pay for performance quantitative analysis. If a company does not update its peer group, Equilar will use the peer group the company disclosed in its 2013 public filing (proxy).
Companies that want to submit peer group updates can do so at the following Equilar website set up to take such submissions: