Amid the record number of proxy votes cast by the State Board of Administration of Florida at corporate shareholder meetings this year, three votes stand out.
The SBA, which manages the assets of the Florida Retirement System and other funds, said no on advisory votes on executive pay at three of the biggest public companies in Tampa Bay.
Failure to closely tie pay to performance was the reason behind the no votes at Bloomin’ Brands Inc. (NASDAQ: BLMN) and at Roper Industries Inc. (NYSE: ROP), said Jacob Williams, corporate governance manager. - Margie Manning, Quality and Content Editor- Tampa Bay Business Journal
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