DuPont shareholders reject stockholder proposal for advisory votes on executive pay

DuPont shareholders reject say on pay

WILMINGTON, Del. — Shareholders of the chemical company DuPont won’t be casting a nonbinding vote each year on executive pay.

A proposal defeated at Wednesday’s annual company meeting would have allowed shareholders to vote annually on a resolution to ratify executive compensation.

The “say on pay” proposal, which was opposed by the company, received slightly less than 45 percent of the votes cast, with 55 percent against it.

Shareholders also overwhelmingly rejected a proposal calling on DuPont Co. to amend its human rights policy and allow subsistence farmers in developing countries to save and share seeds protected by DuPont patents.