Broadridge ProxyPulseTM 2024
Discover the latest data and insights on corporate governance developments and trends in proxy voting.
ProxyPulseTM provides data and insights on corporate governance developments as well as trends in proxy voting.
Highlights from the 2024 proxy season
Across both retail and institutional segments of shareholders, there was an increase in voting support for corporate directors and Say-on-Pay, along with a continued decline in support for Environmental, Social, and Political Spending proposals. Increased support for directors and pay is consistent with improvements in company market valuations generally since the 2023 proxy season.
| Directors | Say-on-Pay | Shareholder voting |
|---|---|---|
| Average support for directors was high. On average, directors received the support of 91.2% of the votes cast, with strong support by both retail (91.7%) and institutional (89.5%) investors. |
Support for Say-on-Pay was the highest in 4 years. Average support for Say-on-Pay proposals this past season was 87.7%, the highest since 2021. And fewer of them (only 96 out of 2,633) failed to attain majority support. |
Retail shareholders are speaking up As a group, retail investors voted 29.8% of the shares they owned in 2024, another incremental increase over the prior year. |
| Directors | Average support for directors was high. On average, directors received the support of 91.2% of the votes cast, with strong support by both retail (91.7%) and institutional (89.5%) investors. |
| Say-on-Pay | Support for Say-on-Pay was the highest in 4 years. Average support for Say-on-Pay proposals this past season was 87.7%, the highest since 2021. And fewer of them (only 96 out of 2,633) failed to attain majority support. |
| Shareholder voting | Retail shareholders are speaking up As a group, retail investors voted 29.8% of the shares they owned in 2024, another incremental increase over the prior year. |
E&S proposal support
Based on proposals that went to a vote (166), there were more environmental and social proposals this season than last. Overall support decreased to 21.2% of the votes on average this season from 25.5% the prior season, the lowest in at least 8 years.
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