NEW YORK, Feb. 24, 2022 /PRNewswire/ -- An active proxy voting season for U.S. public companies is expected this year, according to global Fintech leader, Broadridge Financial Solutions Inc. (NYSE: BR). With the majority of corporations holding annual meetings between now and June 30, proposals regarding environmental, social and governance matters (ESG) will receive investor attention.
"Over the past five years there's been increasing support for shareholder proposals, but it's largely from institutional investors," notes Chuck Callan, SVP, Regulatory Affairs at Broadridge. "Retail investors as a group are half as likely to support them. And for environmental and social proposals, the gap in support is even wider, with retail at 18% and institutions at 40%."
The ProxyPulse Report, features voting trends covering 4,125 public company annual shareholder meetings held between January 1, and June 30, 2021. The report highlights voting trends over the past five proxy seasons. Download the full report here.
Key Takeaways and Trends from the 2021 Proxy Season:
Shareholder proposal support
Environmental and Social, and Political Spending
Directors
Virtual shareholder meetings (VSMs)
About BroadridgeBroadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S.$9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 13,000 associates in 21 countries. For more information, please visit broadridge.com.
Broadridge Media contacts:Gregg Rosenberg+1 212-918-6966Gregg.rosenberg@broadridge.com
Tatjana Kulkami+1 203-285-0766Tatjana.kulkami@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.