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EQ: 2022 AGM Mid-season Review

Part one of the Equiniti (‘EQ’) AGM Mid-season Review shines a spotlight on the 2022 AGM voting season so far. Data is taken from January to June 2022 and considers the trends in proxy advisor voting recommendations and shareholder voting behaviour.

In summary, the overall number of significant votes against indicates that investor voting behaviour was particularly assertive during 2021 compared to 2020 and 2022.

In terms of resolutions seeing less than 80% support, as well as resolutions to approve executive remuneration and the election of directors, capital management resolutions such as share issuances and repurchases stand out as seeing an elevated level of opposition over the three-year period.

So to the ‘Say on Climate’ resolutions put forward by a small number of companies on a voluntary basis, some of which received less than 80% support. While none of the ‘Say on Climate’ resolutions failed, the opposition shown by investors to these resolutions gives a degree of insight into investor expectations with regards climate action plans put forward by companies.

Take a read of the mid-season review and also learn:

  • 2022 AGM season voting statistics…so far
  • High-level assumptions for Q3 and Q4
  • Emerging trends and likely focus for the 2023 AGM season

To read the full review click on the link.

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