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.

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