The 2023 proxy season brought about notable shifts in investor voting behaviors. Georgeson’s 2023 Investor Voting Report delves into these changes, offering an analysis of investor voting decisions on select key shareholder proposals, as well as management say-on-pay proposals and director elections. The report also details emerging themes and trends shaping investor sentiment heading into 2024.
Here are a few of the findings from our report:
BlackRock, Vanguard, State Street and Fidelity supported a significantly lower percentage of environmental proposals overall this year, compared to 2022
While the average support for directors at Russell 3000 and S&P 500 firms remained relatively consistent overall, there were variations in support levels from BlackRock, Vanguard, and State Street.
The number of submitted independent chair shareholder proposals increased 73% from 2022 to 2023
To learn about what’s driving these voting trends and how it will impact your annual meeting in the 2024 proxy season, read our 2023 Investor Voting Report.
* Meetings occurring July 1, 2022 through June 30, 2023