Four Bold Predictions for the 2020 Proxy Voting Season, Plus Early Vote Results

Four Bold Predictions for the 2020 Proxy Voting Season, Plus Early Vote ResultsZoom inDownload PDF

We have made four predictions for the 2020 proxy voting season in conjunction with our first Say on Pay and Proxy Results report.

Our predictions this year cover the percentage of companies failing Say on Pay, the standard deviation of Say on Pay votes, environmental and social shareholder proposals, and average Director election vote results.

147 Russell 3000 companies have held Say on Pay votes thus far in 2020, and the average vote support has been 91.4%. Only two companies (1.4%) have failed Say on Pay so far this year: Acuity Brands and Qualcomm, Inc. This report also tracks Equity Proposal and Director Election vote results, and our upcoming reports will track ESG vote results. At this time, it is difficult to estimate the impact SARS-CoV-2 and the current market downturn will have on the 2020 proxy season; however we will monitor and report on any trends that develop from the pandemic in our upcoming reports.