Investors are increasingly voting against the election of corporate directors to get companies they see as laggards on climate change to raise their ambitions. So far this year, investors have cited climate change as a reason for opposing the election of a management-backed director at 225 U.S. companies, up from 157 in 2021 and 83…
Tag: no votes
Vote-No Campaigns: Foreboding or Fizzled? — Agenda
Fed up with what they say is board inaction, investors launched high-profile campaigns this proxy season against the reelection of board members at companies including Amazon, Chevron, Meta Platforms, Twitter and Wendy’s. Additionally, companies including Activision Blizzard face vote-no campaigns in upcoming meetings.Though the campaigns so far had little impact on average support levels for…
Agenda – Director Support Sinks on ESG Concerns
Directors saw lower reelection support this year during a proxy season in which investors showed unprecedented focus on environmental, social and governance issues. More directors received less than 70% support during this year’s proxy season compared to last year’s, according to data provided to Agenda by the Conference Board and AI analytics firm Esgauge. Similarly,…
ValueEdge Advisors 