If your company isn't using total shareholder returns, or TSR, as a peg for executive pay, you're now in the minority.

Meridian Compensation Partners has found that the trend toward setting standards for performance based pay is to include TSR as a key factor. In just three years, the percent of companies surveyed reporting that they deployed TSR as a key factor rose from 44 percent to 58 percent.

Meridian surveyed about 140 companies with median revenue of $4 billion for its annual Trends and Developments in Executive Compensation Survey.

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