Trends During the 2022 Proxy Season

The Harvard Law School Forum on Corporate Governance released a blog post highlighting a Glass Lewis report that details trends experienced thus far in the 2022 proxy season. The report finds that shareholders are still focused on board diversity and executive compensation, and that corporate boards need to remain focused in these areas. The report also notes that the number of proposals is on the rise, “over 100 more shareholder proposals went to a vote during the 2022 proxy season relative to the previous year.” The report, however, does explain that while the number of proposals increased, “shareholder support for these proposals declined for most types of shareholder proposals, with average shareholder support for these resolutions dropping from 36% in 2020 to 31% in 2022.”