2022 Proxy Season Preview

The 2021 proxy season was a record year for environmental & social proposals. 376 E&S proposals were filed, up from 337 in 2020. Shareholder support for these proposals have hit unprecedented levels with human capital management proposals receiving 39% average support, environmental proposals receiving 37%, and social proposals averaging 28%.

And let’s not forget governance and executive compensation. Shareholder proposals on governance received 40% on average, while the number of directors who failed to receive majority support more than doubled in recent years, 60% these directors sit on smaller companies' boards. Average say-on-pay support remained strong at an average of 90%, but the largest companies, with an annual revenue of $50 billion [and over], performed the worst and only 48% received at least 90% support with 18% failing altogether.

Against this backdrop of not just stockholder but stakeholder pressure, and the prospect of new SEC disclosure rules on ESG topics, how can companies best prepare for the 2022 proxy season ahead?

Join this webcast to learn:

  • What are the recent developments with the SEC: What’s the impact of the SEC guidance on shareholder proposals and rules on universal proxy?
  • What are the latest updates from proxy advisory firms: How has the role of the proxy advisory firms changed for companies? What are their new policies for 2022?
  • What to expect in terms of proposals and shareholder votes on director elections, environmental, social, human capital, and diversity shareholder proposals, and say-on-pay.
  • How should you prepare your board and senior management for a potentially contentious proxy season?

Who should attend: current and prospective board members of public and private companies; CEOs, chief legal officers, and other C-suite executives; corporate secretaries; sustainability officers, investor relations officers; investors; inside and outside counsel; and other corporate governance professionals.

CREDITS

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Earn 1 CPE credit
Specialized Knowledge
Requirements : Attendees must be logged on for the duration of the webcast, participate in all interactive polls, and request credits via the on-screen form. Delivery Method: Group-Internet Based; Program Level: Intermediate; Prerequisites: Bachelor’s degree or higher, Advanced Preparation: None

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Mary A. Francis Lillian Tsu Paul Washington Helena K. Grannis
2022 Proxy Season Preview
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2022 Proxy Season Preview

JANUARY 13, 2022

The 2021 proxy season was a record year for environmental & social proposals. 376 E&S proposals were filed, up from 337 in 2020. Shareholder support for these proposals have hit unprecedented levels with human capital management proposals receiving 39% average support, environmental proposals receiving 37%, and social proposals averaging 28%.

And let’s not forget governance and executive compensation. Shareholder proposals on governance received 40% on average, while the number of directors who failed to receive majority support more than doubled in recent years, 60% these directors sit on smaller companies' boards. Average say-on-pay support remained strong at an average of 90%, but the largest companies, with an annual revenue of $50 billion [and over], performed the worst and only 48% received at least 90% support with 18% failing altogether.

Against this backdrop of not just stockholder but stakeholder pressure, and the prospect of new SEC disclosure rules on ESG topics, how can companies best prepare for the 2022 proxy season ahead?

Join this webcast to learn:

  • What are the recent developments with the SEC: What’s the impact of the SEC guidance on shareholder proposals and rules on universal proxy?
  • What are the latest updates from proxy advisory firms: How has the role of the proxy advisory firms changed for companies? What are their new policies for 2022?
  • What to expect in terms of proposals and shareholder votes on director elections, environmental, social, human capital, and diversity shareholder proposals, and say-on-pay.
  • How should you prepare your board and senior management for a potentially contentious proxy season?

Who should attend: current and prospective board members of public and private companies; CEOs, chief legal officers, and other C-suite executives; corporate secretaries; sustainability officers, investor relations officers; investors; inside and outside counsel; and other corporate governance professionals.

CREDITS

CPE logo

Earn 1 CPE credit
Specialized Knowledge
Requirements : Attendees must be logged on for the duration of the webcast, participate in all interactive polls, and request credits via the on-screen form. Delivery Method: Group-Internet Based; Program Level: Intermediate; Prerequisites: Bachelor’s degree or higher, Advanced Preparation: None

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