Proxy Access Proposals Most Likely To Gain Majority Shareholder Support

Proxy Access Proposals Most Likely To Gain Majority Shareholder Support by James R. Copland and Margaret M. O'Keefe - Proxy Monitor

Introduction

As June draws to a close, so does corporate America’s proxy season, when most large publicly traded companies hold annual meetings. At these meetings, corporate shareholders cast votes on ballot items—typically by proxy—considering questions placed on ballots distributed under rules promulgated by the Securities and Exchange Commission (SEC).[3] Among the ballot items under consideration are proposals introduced by shareholders themselves, which may be submitted—subject to substantive and procedural rules—by any owner of equity securities, provided that the equity holder’s shares are valued at $2,000 or more and have been held for at least one year.[4]

Shareholder...