January 12, 2023 Executive Compensation Shareholder Voting, SOP, and Proxy Results Reports

2022 Say on Pay Reports S&P 500 and Russell 3000 Failure Rate & Pay Vote Analysis

2022 Russell 3000 Average Vote Results Decline as Failure Rates Reach Historic High

Our year-end report recaps proxy voting results and trends for 2022.

The Russell 3000 average Say on Pay vote (89.2%) was the lowest observed since 2011, with the index’s failure rate reaching an all-time high of 3.7%. Voters continued to be most critical of large companies in 2022: a third of S&P 500 companies received lower than 90% support in 2022. An average of 24% of S&P 500 companies received lower than 90% support over the prior five years.

Shareholders also brought forward significantly more social and environmental proposals than in prior years. However, fewer shareholder proposals passed, and median support declined 10 percentage points for social proposals and 19 percentage points for environmental proposals.

Contributors

Todd Sirras

Austin Vanbastelaer

Justin Beck

Previous Volumes

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