Equilar Accepting 2013 Peer Group Updates
Similar to ISS’s recent efforts to update peer group information, Equilar is now accepting submissions of updated peer group data to include in its 2013 peer group calculations. Equilar’s peer groups are used by Glass Lewis in its Say on Pay quantitative analyses.
U.S. companies in the Russell 3000 Index wishing to provide updated peer group information can fill out this form on Equilar’s website. The deadline for submission is January 18, 2013.
Equilar does not plan on updating peer groups until July 2013 absent the changes submitted to the link above. Therefore, if a company anticipates disclosing a different peer group in their 2013 proxy from the one disclosed in the 2012 proxy, it may be worth the few minutes it takes to update Equilar’s database since these peers are used by Glass Lewis in formulating their Say on Pay vote recommendations.