2015 Proxy Season Results Show that Retail Investors Voted Against Proxy Access Proposals, According to New Report ... - Yahoo! Finance -BoardProspects

2015 Proxy Season Results Show that Retail Investors Voted Against Proxy Access Proposals, According to New Report ...

Yahoo! Finance Aug 27 2015 BoardNews

NEW YORK, Aug. 27, 2015 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (BR) and PwC's Center for Board Governance today released their final ProxyPulse™ report for the 2015 season. Of the over 80 proxy access proposals that came to a vote, 70% received the majority support of shareholders, averaging 57% of the shares voted. Retail investors voted their shares against proxy access in ...
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1. Shareholder rights appeared to be a driving force behind proxy access proposals this season -- rather than dissatisfaction with specific company directors.
2. New rules from the SEC on CEO pay-ratio disclosure, and anticipated rules on clawbacks and pay for performance disclosure could influence say-on-pay voting in the future.
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