2015 Proxy Season Review (Aug. 2015)

This proxy season marked a pronounced shift in the corporate governance landscape with over three dozen companies adopting or committing to adopt proxy access rights, which allow shareholders to nominate board candidates and have their nominees appear in company proxy statements. Turbo-charged by a campaign led by New York City Comptroller Scott Stringer, over 100 proxy access proposals have been filed this year and 49 have received majority support based on votes cast “for” and “against,” making it one of the most successful shareholder efforts at private ordering in recent years.

 

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