ProxyPulse: 2019 proxy season review

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This edition of ProxyPulseTM provides insights into key corporate governance and shareholder voting data for the 2019 proxy season, as well as the five-year trends. It covers the results of 4,059 public company annual meetings held between January 1 and June 30, 2019.*

Key Takeaways

  • Institutional and retail share ownership has stayed relatively steady over the last five years, with slight variations toward greater institutional ownership.
  • The number of directors failing to receive majority support (at least 50% of the votes in favor) has continued to climb, from 345 in 2015 to 478 in 2019, despite a lower number of directors standing for election.
  • The average level of support for say-on-pay proposals declined from 89% in 2018 to 88% in 2019.
  • Overall volume of shareholder proposals submitted for a vote was the lowest in the last five years, from a high of 549 in 2015 to 420 in 2019.
  • The number of environmental and social proposals put to a vote rose slightly from 110 in 2018 to 115 in 2019.
  • The number of proxy access shareholder proposals declined over the last four years (from 81 in 2015 to 34 in 2018).

*ProxyPulse data is based on Broadridge's processing of shares held in street name.The five-year trend data covers the proxy season, which is when the majority of public company meetings occur.

Contact us

Paula Loop

Governance Insights Center Leader, PwC US

Sharad Jain

Partner, Governance Insights Center, PwC US

Deidre Schiela

Partner, Governance Insights Center, PwC US

Paul DeNicola

Principal, Governance Insights Center, PwC US

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