2021 European Voting Results Report
OCTOBER 13, 2021
Below are key takeaways from ISS’ recently released 2021 European Voting Results Report. The full report is available to institutional subscribers by logging into ISS Link then selecting the Governance Exchange and its Report Center tab and to corporate subscribers by logging into Governance Analytics then selecting the Governance Exchange and the Report Center tab.
- The number of companies that held general meetings during the first half of the year (the regular sample period of this annual study) is back to pre-COVID-19 levels.
- Compared to last year, the first half of 2021 saw an increased number of special meetings (shareholder meetings convened for reasons other than approving the annual accounts).
- The proportion of European companies disclosing complete vote results increased from 93.4 percent in 2020 to 96.5 percent in 2021 pursuant to a change in practice in Sweden.
- Despite the implementation of the EU 2017 Second Shareholder Rights Directive (SRD II), the European average level of voting participation only increased marginally to 70.9 percent in 2021 from 70.5 percent in 2020 and 70.7 percent in 2019.
- In Ireland, the CSD (Central Securities Depository) migration was followed by a substantial decrease in voting participation.