New Report: 2014 Proxy Season Midterm Report
New York, NY — Greater percentage of shareholder proposals focusing on political issues; record-low number of proposals receiving majority support.
America’s corporations are in the thick of “proxy season,” when they hold their annual meetings. As has been commonplace in recent years, the largest companies have typically faced proposals from “social investing” and religious groups, “gadfly” individual investors, and labor-affiliated pension funds on topics ranging from corporate governance and executive compensation to the environment and corporate political activities. So far only 5 percent of shareholder proposals have received majority support, the lowest level in the Proxy Monitor database, which dates back to 2006. James R. Copland discusses the reason behind this trend and several others in the 2014 Proxy Season Midterm Report, coming this Thursday.
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