May 20, 2022 | Newsletters & Alerts
Sometimes your predictions are right, but you’re still surprised. That’s the case with shareholder proposals on environmental issues this proxy season.
As we predicted earlier this year, it has become more difficult for companies to reach a negotiated compromise on or omit environmental proposals. We expected that, emboldened by the success of their proposals last year, proponents see less incentive to negotiate a withdrawal of their proposals. But the magnitude of the leap is striking. As of May 12th – when the most recent proxy voting results were filed – 70% of environmental proposals (26 out of 37) have come to a vote. This compares to 33% of proposals (13 out of 40) that came to a vote in the sam
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