2015 Proxy Season Wrap-Up
The 2015 “proxy season”—when corporate America holds annual meetings to vote on company business—is now complete: 216 of the 250 largest U.S. companies, by revenues, have held their annual meetings. Two more are calendared for July; the remainder will meet later in the year.
- A majority of shareholders supported 23 of the 34 proxy-access proposals introduced in 2015 (68 percent)—as compared to only nine of 272 proposals relating to any other topic.
- 11 percent of shareholder proposals received majority votes, the highest percentage since 2010.
- Absent proxy-access proposals, only three percent of shareholder proposals received majority shareholder support, a smaller percentage than in any other year among the last ten (the totality of all years comprising the ProxyMonitor.org database).
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