Proxy season data show big increase in accommodation
U.S. companies were more willing to engage with shareholders on certain environmental and social proposals this proxy season — a trend proponents hope will continue.
Of the 782 environmental, social and governance shareholder resolutions filed through June 30, 27% were withdrawn, according to ISS Analytics, the data intelligence arm of Institutional Shareholder Services Inc., Rockville, Md. Withdrawals typically signal that a company and shareholders have struck a compromise. That compares with 21% of proposals withdrawn last year, out of 875 filed. Through June 30, 415 ESG proposals were voted on at annual general meetings compared with 465 last year. Read Full Article - Pensions & Investments, September 2, 2019