In Focus: Board Elections and Executive Compensation in the 2024 U.S. Proxy Season
August 2, 2024
As of June 30, 2024, median shareholder support for board nominees at Russell 3000 Index companies edged up slightly, while the number of directors who failed to receive majority support dropped once again compared to the same period in 2023 and 2022. As for executive compensation, the number of failed say-on-pay resolutions continued to drop to the lowest level recorded. And average support levels also ticked up for the first time since 2018.