Shareholder Proposals
Shareholders submitted a record number of proposals to companies in the first half of 2024. While shareholder support for E&S proposals decreased during 2024’s proxy season, shareholders were more likely to support governance proposals focused on greater transparency and disclosure, including executive compensation and reducing supermajority voting in director elections. Response to a shareholder proposal can vary greatly depending on a company’s specific shareholder mix, engagement track record and recent performance, but preparation and planning are key for every company.