Shareholder Voting Trends (2018-2022): Brief 2
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Shareholder Voting

Shareholder Voting Trends (2018-2022): Brief 2

/ Report

Human Capital Management and Social Policy Proposals 

Racial equity audit proposals have moved into the red zone of high overall risk, as we expected they might

Shareholder proposals on racial equity and civil rights audits have gained considerable traction in a short time: this year, 31 of the 43 proposals requesting companies to commission a third-party audit of the impact of their corporate policies, practices, products, and services on the civil rights of stakeholders, including ethnic and other minorities, went to a vote, and eight passed.

Corporate political activity remains a hot-button issue

Shareholders’ focus on corporate political spending continues: of the 53 political spending proposals shareholders voted on in 2022—including requests for disclosure on monetary contributions offered to political campaigns and on lobbying activities—four at large companies passed and 11 reached a support level of more than 40 percent of votes cast.

Human Capital Management and Social Policy Proposals 

Racial equity audit proposals have moved into the red zone of high overall risk, as we expected they might

Shareholder proposals on racial equity and civil rights audits have gained considerable traction in a short time: this year, 31 of the 43 proposals requesting companies to commission a third-party audit of the impact of their corporate policies, practices, products, and services on the civil rights of stakeholders, including ethnic and other minorities, went to a vote, and eight passed.

Corporate political activity remains a hot-button issue

Shareholders’ focus on corporate political spending continues: of the 53 political spending proposals shareholders voted on in 2022—including requests for disclosure on monetary contributions offered to political campaigns and on lobbying activities—four at large companies passed and 11 reached a support level of more than 40 percent of votes cast.

Author

Matteo Tonello

Matteo Tonello Matteo Tonello

Head of TCB Benchmarking and Analytics
The Conference Board

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