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ARTICLE · 27 SEPTEMBER 2019

Shareholder Proposal Season

A&O Shearman
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In this section of the Survey, we present an overview of the results of both the management-sponsored and the shareholder-sponsored proposals voted on at the annual meetings of U.S.-based S&P 500 companies in 2019.

United StatesCorporate/Commercial Law
A&O Shearman
A&O Shearman
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In this section of the Survey, we present an overview of the results of both the management-sponsored and the shareholder-sponsored proposals voted on at the annual meetings of U.S.-based S&P 500 companies in 2019.

Some of the key findings based on our review of these results are:

  • The level of shareholder support in director elections in 2019 was consistent with the prior two years.
  • The level of shareholder support for say-on-pay proposals in 2019 was slightly less than the prior two years
  • There were slightly fewer management-sponsored proposals regarding governance matters in 2019 as compared to 2018.
  • There was a significant decrease in shareholder proposals to amend the right of shareholders to call a special meeting, with 14 such proposals being voted on in 2019 compared to 42 in 2018 and 18 in 2017.

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