Russell 3000 Continues to Outpace the S&P 500 in Average Vote Results So Far in 2021Download PDF
The current 2021 failure rate of 2.9% remains above the 2.3% failure rate observed at this time last year, with 11 more companies failing since our last report. While the failure rate for the Russell 3000 continues to trend downwards, we are observing a gap between the average vote results of the Russell 3000 (90.8%), and the S&P 500 (88.6%). Covid-related pay actions remains to be a part of the reason of this elevated failure rate. The support of E&S proposals continues to be higher this proxy season with nineteen social proposals (19%) and twelve environmental proposals (40%) receiving greater than 50% support thus far in 2021.
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