US firms withholding pay-performance data

While 60 percent of companies conduct studies, only 30 percent reveal results, Towers Watson study shows

Sixty percent of US public companies have conducted pay-for-performance analyses this year but have not revealed the results to shareholders, according to a study by professional services firm Towers Watson.

Of those firms that analyzed the relationship between the pay levels of executives and performance, 63 percent neither disclosed that they had conducted the research, nor the results of the analysis in their 2014 proxy statements, Towers Watson says. Another 30 percent say they did disclose the results while 7 percent told shareholders that they performed the analysis but did not reveal the details.

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