Apple investors will get an advisory vote on executive compensation, reversing an earlier announcement in which the company said the “say on pay” proposal failed to get enough support at the most recent shareholder meeting, according to the New York Times.
The company said that the report it filed with the Securities and Exchange Commission reported voting percentages for several shareholder proposals incorrectly, including it’s voting percentages on say on pay.
The pay proposal was approved by about 52 percent of the shares cast, 266 million were in favor and 249 million were against. Apple will begin a say on pay vote next year.