Proxy Season Resource Center
ISS research analysts and experts provide reviews and previews of proxy season developments in the United States and around the world.
More issuers continue to voluntarily adopt "say on pay," individual director elections, and majority voting policies. Additionally, increased shareholder engagement has replaced the filing of shareholder proposals to a significant degree, resulting in a diminished number of proposals filed as well as actually voted
A review of how investors voted during this year’s advisory votes on compensation, director elections, shareholder proposals on governance issues, and environmental and social resolutions.
Lack of board independence is still a major concern, but independence is improving slowly.
This report highlights trends identified during the second half of 2011 with many companies continuing to adapt to the new legislative environment introduced by the Companies Act 2008, which finally came into force in May, and the King III code of best practice.
The percentage of U.K. companies with declassified boards has increased dramatically this year.
The overall level of shareholder dissent has remained static over the past four years, despite turbulence within European markets.
In response to legislative changes, most Spanish issuers included amendment proposals on their meeting agendas this season to address shareholder meetings and directors.
In Switzerland, the number of “say on pay” proposals increased by more than 100 percent this year, while shareholder activism appears to be on the rise.
This report reviews the South Korean proxy season.
While 36 companies have reported failed pay votes, most issuers have received overwhelming investor support during the first year of advisory votes mandated by the Dodd-Frank Act.
Shareholder proposals seeking board declassification are averaging 71 percent this year, up 10 percentage points from 2010.
The average investor support for shareholder resolutions on environmental and social (E&S) issues continues to rise.
A summary of the vote results for shareholder proposals on leading governance and E&S topics.