In Focus: Shareholder Proposals in the 2024 U.S. Proxy Season
August 1, 2024
As of June 15, 2024, about 387 environmental and social (E&S) shareholder resolutions and 214 governance resolutions have appeared on U.S. company ballots this year. Since 2017, E&S-related resolutions have accounted for a majority of the shareholder proposals submitted, outnumbering traditional governance-related proposals. Proxy season 2024 has witnessed a precipitous drop in average shareholder support levels for E&S resolutions as well as a low number of majority-supported resolutions. There was also a continued uptick in so-called “anti-ESG” proposals. This recap summarizes key shareholder proposal trends in this year’s U.S. proxy season.