The number of board nominees who failed to receive a majority of shareholder support in the first six months of 2019 reached a five-year high, according to the latest ProxyPulse report.
ProxyPulse is a collaboration between Broadridge, a provider of investor communications solutions, and PwC’s Governance Insights Center, a group that supports directors and investors with governance knowledge. ProxyPulse is based, in part, on Broadridge’s processing of “street” shares, which account for more than 80 percent of all shares outstanding of U.S. publicly listed companies. Shareholder voting trends during a proxy season represent a snapshot in time and may not be predictive of full-year results.
