Below are key takeaways from ISS’ recently released report titled In Focus: Board Elections and Executive Compensation in the 2024 U.S. Proxy Season. The full report is available to institutional subscribers by logging into ProxyExchange then selecting the Governance Exchange and its Report Center tab and to corporate subscribers by logging into Governance Analytics then selecting the Governance Exchange and the Report Center tab.
If you are not a subscriber, you can download a copy of the full report here.
- As of June 30, 2024, the number of failed say-on-pay resolutions continued to drop to the lowest level recorded.
- Average support levels for say-on-pay resolutions also ticked up for the first time since 2018.
- Median shareholder support for board nominees at Russell 3000 Index companies edged up slightly.
- The number of directors who failed to receive majority support dropped once again compared to the same period in 2023 and 2022.
If you are not a subscriber, please contact sales@iss-stoxx.com (for institutional investors) or contactus@isscorporatesolutions.com (for corporations) to learn more about accessing bespoke governance research.
By: Robert Kalb, Galen Spielman
