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Broadridge Financial Solutions released its ProxyPulse™ report, revealing key trends in proxy voting for 2024. Individual investor ownership reached a decade-high at 31.7% of shares held in street name, with voting participation increasing to 29.8%. Individuals showed more support for board recommendations compared to institutional investors.

The report highlighted a rise in shareholder support for corporate directors (91% approval) and say-on-pay proposals (88% support). Only 481 directors failed to win majority support, the lowest in four years. However, environmental and social proposals saw declining support, averaging 21.2%, the lowest in eight years. A notable divergence was observed between individual (14.8%) and institutional (22.4%) investor support for these proposals.

The ProxyPulse™ report, analyzing voting trends over five proxy seasons, underscores the growing influence of individual investors in corporate governance and the evolving landscape of shareholder priorities.

Broadridge Financial Solutions ha pubblicato il suo rapporto ProxyPulse™, rivelando tendenze chiave nella votazione per delega per il 2024. La proprietà degli investitori individuali ha raggiunto un massimo decennale del 31,7% delle azioni detenute a nome di terzi, con una crescita della partecipazione al voto al 29,8%. Gli individui hanno mostrato maggiore sostegno per le raccomandazioni del consiglio rispetto agli investitori istituzionali.

Il rapporto ha evidenziato un aumento del sostegno degli azionisti per i direttori aziendali (91% di approvazione) e per le proposte say-on-pay (88% di sostegno). Solo 481 direttori non sono riusciti a ottenere il sostegno della maggioranza, il numero più basso in quattro anni. Tuttavia, le proposte ambientali e sociali hanno visto un calo del supporto, con una media del 21,2%, il più basso in otto anni. È stata osservata una notevole divergenza tra il supporto degli investitori individuali (14,8%) e quello degli investitori istituzionali (22,4%) per queste proposte.

Il rapporto ProxyPulse™, analizzando le tendenze di voto nel corso di cinque stagioni di delega, sottolinea l'influenza crescente degli investitori individuali nella governance aziendale e il cambiamento nel panorama delle priorità degli azionisti.

Broadridge Financial Solutions publicó su informe ProxyPulse™, revelando tendencias clave en la votación por poder para 2024. La propiedad de los inversores individuales alcanzó un máximo de diez años del 31,7% de las acciones mantenidas a nombre de terceros, con una participación en la votación que aumentó al 29,8%. Los individuos mostraron mayor apoyo a las recomendaciones del consejo en comparación con los inversores institucionales.

El informe destacó un aumento en el apoyo de los accionistas para los directores corporativos (91% de aprobación) y propuestas de say-on-pay (88% de apoyo). Solo 481 directores no lograron obtener el apoyo de la mayoría, el número más bajo en cuatro años. Sin embargo, las propuestas ambientales y sociales vieron un apoyo en declive, promediando el 21,2%, el más bajo en ocho años. Se observó una notable divergencia entre el apoyo de los inversores individuales (14,8%) y el de los inversores institucionales (22,4%) para estas propuestas.

El informe ProxyPulse™, al analizar las tendencias de votación a lo largo de cinco temporadas de poder, subraya la creciente influencia de los inversores individuales en la gobernanza corporativa y el paisaje evolutivo de las prioridades de los accionistas.

브로드리지 파이낸셜 솔루션즈가 2024년 위임 투표의 주요 트렌드를 밝힌 ProxyPulse™ 보고서를 발표했습니다. 개인 투자자의 소유권은 31.7%로 10년 만에 최고 수준에 이르렀고, 투표 참여율은 29.8%로 증가했습니다. 개인 투자자들은 기관 투자자들에 비해 이사회 추천에 대해 더 많은 지지를 보였습니다.

보고서에서는 기업 이사를 위한 주주 지원 증가(91% 승인) 및 보수에 대한 제안(say-on-pay 제안)(88% 지지)을 강조했습니다. 단 481명의 이사가 과반수 지지를 얻지 못했으며, 이는 4년 만에 최저 숫자입니다. 그러나 환경 및 사회적 제안에 대한 지원은 21.2%로 감소했으며, 이는 8년 만에 최저 수치입니다. 개인 투자자(14.8%)와 기관 투자자(22.4%) 간의 이러한 제안에 대한 지원 차이가 두드러졌습니다.

ProxyPulse™ 보고서는 5개의 위임 시즌에 걸친 투표 트렌드를 분석하면서 기업 거버넌스에서 개인 투자자의 영향력이 증가하고 있음을 강조하며, 주주 우선순위의 변화하는 경향을 조명합니다.

Broadridge Financial Solutions a publié son rapport ProxyPulse™, révélant les tendances clés du vote par procuration pour 2024. La propriété des investisseurs particuliers a atteint un niveau record en dix ans avec 31,7% des actions détenues au nom de tiers, tandis que la participation au vote a augmenté à 29,8%. Les particuliers ont montré un plus grand soutien aux recommandations du conseil par rapport aux investisseurs institutionnels.

Le rapport a mis en avant une augmentation du soutien des actionnaires pour les administrateurs d'entreprise (91% d'approbation) et les propositions de say-on-pay (88% de soutien). Seulement 481 administrateurs n'ont pas réussi à obtenir le soutien de la majorité, le chiffre le plus bas en quatre ans. Cependant, les propositions environnementales et sociales ont connu un déclin du soutien, atteignant en moyenne 21,2%, le plus bas en huit ans. Une divergence notable a été observée entre le soutien des investisseurs individuels (14,8%) et celui des investisseurs institutionnels (22,4%) pour ces propositions.

Le rapport ProxyPulse™, en analysant les tendances de vote sur cinq saisons de procuration, souligne l'influence croissante des investisseurs individuels dans la gouvernance d'entreprise et l'évolution du paysage des priorités des actionnaires.

Broadridge Financial Solutions hat seinen ProxyPulse™-Bericht veröffentlicht, der wichtige Trends bei der Stimmabgabe für 2024 aufzeigt. Der Besitz von Privatanlegern erreichte mit 31,7% der unter Straßenname gehaltenen Aktien einen Zehnjahreshöchststand, während die Wahlbeteiligung auf 29,8% anstieg. Individuen zeigten mehr Unterstützung für die Empfehlungen des Vorstands im Vergleich zu institutionellen Anlegern.

Der Bericht hob einen Anstieg der Unterstützung durch Aktionäre für Unternehmensdirektoren (91% Zustimmung) und für say-on-pay-Vorschläge (88% Unterstützung) hervor. Nur 481 Direktoren schafften es nicht, die Mehrheit zu gewinnen, das ist die niedrigste Zahl seit vier Jahren. Allerdings verzeichneten Umwelt- und Sozialvorschläge einen Rückgang der Unterstützung, mit einem Durchschnitt von 21,2%, dem niedrigsten Wert in acht Jahren. Eine bemerkenswerte Divergenz zeigte sich zwischen der Unterstützung für diese Vorschläge von Privatanlegern (14,8%) und institutionellen Anlegern (22,4%).

Der ProxyPulse™-Bericht, der die Abstimmungstrends über fünf Proxy-Saisons analysiert, unterstreicht den wachsenden Einfluss von Privatanlegern auf die Unternehmensführung und die sich entwickelnde Landschaft der Aktionärsprioritäten.

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In the news release, 2024 Proxy Voting Highlights Split Between Main Street and Wall Street in Corporate Elections, New Broadridge ProxyPulse™ Report Finds, issued 26-Sep-2024 by Broadridge Financial Solutions, Inc. over PR Newswire, we are advised by the company that the fourth paragraph, second sentence, should read "While more proposals were on the ballot (166) in meetings" rather than "While more proposals were on the ballot (483) in meetings" as originally issued inadvertently. The complete, corrected release follows:

2024 Proxy Voting Highlights Split Between Main Street and Wall Street in Corporate Elections, New Broadridge ProxyPulse™ Report Finds

Individual investor ownership and voting is rising

NEW YORK, Sept. 26, 2024 /PRNewswire/ -- Individual investor ownership was at its highest level in a decade according to the ProxyPulse™ report released today by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR). Individual investors owned 31.7% of shares held beneficially in street name, up from 31.5% for the prior season. More individual investors are exercising their right to vote: their voting participation ticked up to 29.8% of the shares they hold from 29.6% last year, the highest in nine years. Individuals, as a group, were more supportive of board recommendations than were institutional investors.

"There continues to be a marked difference in how individual and institutional shareholders vote on environmental and social proposals," said Chuck Callan, Broadridge SVP Regulatory Affairs and co-author of the report. "As a result, many fund companies and institutional asset managers now provide their investors with a vote or a say on how matters at portfolio companies are voted."

Director and Say-on-pay Support Increased

Shareholder support for corporate directors and say-on-pay proposals increased, as company market valuations improved. On average, director proposals were approved by 91% of the vote while say-on-pay received 88% support. Fewer directors and pay proposals failed to attain majority support this season. Only 481 directors failed to win majority support, the lowest in four years. Say-on-pay support was at a four-year high.

Environmental & Social Support Continues to Decline

Backing for environmental & social proposals declined. While more proposals were on the ballot (166) in meetings in the first 6 months of this year, average support fell to 21.2%, the lowest level in eight years, down from 25.5% last year.  There continues to be a divergence in how individuals and institutional investors voted on proposals of this type.  Support by individuals was 14.8% of their voted shares, on average, while support by institutions was higher at 22.4% of their voted shares.

The Broadridge ProxyPulse™ report highlights voting trends over the past five proxy seasons. Download the full report.

About ProxyPulse 

Broadridge's ProxyPulse™ report provides an in-depth analysis of the 2024 spring proxy season, examining trends in shareholder meetings, individual and institutional investor voting actions and corporate governance reforms. It highlights key regulatory developments shaping the season's outcomes, and what to expect in 2025.

ProxyPulse™ is based on Broadridge's processing of shares held in street name at the 1,000+ broker-dealers and custodian banks that we service, over 750 million equity positions.

About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about us, please visit www.broadridge.com

Broadridge Contacts:
Investors: 
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com 

Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com 

Broadridge Logo. (PRNewsFoto/Broadridge Financial Solutions)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/2024-proxy-voting-highlights-split-between-main-street-and-wall-street-in-corporate-elections-new-broadridge-proxypulse-report-finds-302259049.html

SOURCE Broadridge Financial Solutions, Inc.

FAQ

What was the level of individual investor ownership in 2024 according to Broadridge's ProxyPulse™ report?

According to Broadridge's ProxyPulse™ report, individual investor ownership reached 31.7% of shares held beneficially in street name in 2024, the highest level in a decade.

How did support for environmental and social proposals change in 2024 for Broadridge (BR)?

Support for environmental and social proposals declined in 2024. Average support fell to 21.2%, the lowest level in eight years, down from 25.5% the previous year.

What was the average approval rate for director proposals in Broadridge's (BR) 2024 proxy voting report?

According to Broadridge's 2024 ProxyPulse™ report, director proposals were approved by an average of 91% of the vote.

How did individual and institutional investors differ in their support for environmental and social proposals in 2024?

In 2024, individual investors supported environmental and social proposals with 14.8% of their voted shares on average, while institutional investors showed higher support at 22.4% of their voted shares.

What was the level of support for say-on-pay proposals in Broadridge's (BR) 2024 proxy voting report?

According to Broadridge's 2024 ProxyPulse™ report, say-on-pay proposals received 88% support, which was a four-year high.

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