Below is an excerpt from ISS Corporate Solution’s recently released paper “Season Snapshots: U.S. S&P 500”. The full paper is available for download from the ISS Corporate Solutions (ICS) online library.
Summary:
With the 2022 proxy season underway, ISS Corporate Solutions looks back at director elections and shareholder resolutions that defined 2021 for companies in the US S&P 500 index.
Last year’s proxy season saw a high level of support for directors, while the vast majority of ESG-related shareholder resolutions were rejected. This second report follows the first in the series, which covered the Korean KOSPI.
Key Takeaways:
- Seven directors failed to receive majority support, with three of those from a single company, ExxonMobil
- Some 60, or 16.6%, shareholder resolutions passed, while 302, or 83.4%, failed
- While the majority of CEOs received a pay rise, the median increase for a matched group of CEOs was only 2.8%
By Paul Hodgson, Senior Editor, ISS Corporate Solutions
