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.*
- 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.