2024 Proxy Season Trends: Zenith or Nadir?
The 2023 proxy season represented a notable departure from recent trends in prior proxy seasons, particularly with respect to proxy fights and voting on environmental and social (E&S) proposals. This article examines if those trends are likely to continue in 2024 and the possible impacts of recent judicial and regulatory developments on the ability of […]
Arthur B. Crozier is Executive Chair, and Gabrielle E. Wolf and Jonathan L. Kovacs are Directors at Innisfree M&A Inc. This post was prepared for the Forum by Mr. Crozier, Ms. Wolf, and Mr. Kovacs.
The 2023 proxy season represented a notable departure from recent trends in prior proxy seasons, particularly with respect to proxy fights and voting on environmental and social (E&S) proposals. This article examines if those trends are likely to continue in 2024 and the possible impacts of recent judicial and regulatory developments on the ability of typical participants (issuers, activists, ESG and anti-ESG crusaders and other shareholder proponents) and unfamiliar or returning entrants (unions and trade associations) to gain access to the corporate governance machinery.
