Updated Peer Groups Used in 2015 Equilar Market Peers and Glass Lewis Analyses
Redwood City, CA (November 25, 2014) – Equilar, the leader in executive data solutions, is now accepting submissions of updated peer groups to include in its 2015 Equilar Market Peers™ calculations. Equilar Market Peers are used in Equilar’s Pay for Performance analyses and in Glass Lewis’ Say on Pay quantitative analyses.
U.S. companies in the Russell 3000 Index and Canadian companies in the S&P/TSX Composite Index that plan on filing updated peer groups in their proxies can now update their peer groups on file with Equilar. Equilar’s Market Peer Groups are calculated twice a year, in January and July. Companies have until December 31, 2014 to update their peer groups. Companies wishing to make updates can submit their new peer groups on Equilar’s website.
Equilar Market Peers are based on the latest publicly-disclosed peer groups of a company. Equilar’s comprehensive process creates the most logical peer groups for companies in the Russell 3000 and S&P/TSX Composite Indices. Peer groups are composed using algorithms proven in the social networking industry, which analyze the interconnected networks of peer companies made evident by peer disclosure, and rank the strength of these connections, whether the connection is one way or reciprocal. Equilar Market Peers were featured in the Sunday Business section of The New York Times: “A Better Way to Compare C.E.O. Pay”.
Headquartered in Redwood City, Calif., Equilar is the leading provider of executive compensation data and governance tools for corporations, nonprofits, consulting firms, institutional investors, and the media. As the trusted data and executive solutions provider to 70% of the Fortune 500, Equilar helps companies accurately benchmark and track executive and board compensation, pay for performance results, and compensation practices. In addition, Equilar offers a leading business and event networking solution focused on serving executives and board members. Equilar’s research is cited regularly by Bloomberg, The New York Times, The Wall Street Journal, and other leading media outlets.