Four key trends of the 2012 proxy season
Board accountability measures continue to strengthen
There is strong support for shareholder proposals to implement annual board elections, adopt majority vote standards for director elections and appoint independent board chairs. This represents investors’ long-standing efforts to improve board responsiveness and accountability.
Investors continue to press for greater board accountability measures
Shareholders continue to push to:
- Eliminate classified boards
- Implement majority vote standards for director elections
- Appoint independent board chairs
These three proposal topics comprise around 20% of all shareholder proposals submitted to companies for 2012 meetings so far.