This analysis from ISS-Corporate reveals what we’ve heard from other sources – that companies are including more shareholder proposals in their proxy compared to past years during this season of Corp Fin not refereeing the Rule 14a-8 process. The stats don’t cover the entire proxy season – but they do indicate that omissions of shareholder proposals are 17% this season, compared to 27% last year over the same period. That’s a 37% decline! Note that there are other factors at play – but the impact of Corp Fin sitting this season out is a huge factor.
There are many other useful stats in the report, including breaking down the trends relating to specific types of proposals. Governance proposals are up (202 proposals, up from 178). E&S proposals are down (87 proposals, down from 160). Anti-ESG proposals are down (44 proposals, down from 64). Shareholder proposal submissions overall are at a five-year low (335 proposals, compared to 405 last year)…
