Boards Gained the Upper Hand This Proxy Season
By: Agenda
July 17, 2024
Results from this year’s proxy season show a shifting power balance between management and activist investors as average support for environmental and social policy proposals declined while support for say-on-pay proposals remained robust.
There was also a spike in AI shareholder proposals, calls for separating chair and CEO roles and anti-ESG proposals. Meanwhile, there was a steep decline in the number of company-sponsored proposals, dropping about 25%, according to market data from public company intelligence provider MyLogIQ.
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