Broadridge ProxyPulse Report Shows Increased Shareholder Proposal Support Amid Declining Volume
The 2026 proxy season was characterized by a divergence in trends: while the total number of environmental and social proposals fell by 47% compared to 2025, average support for shareholder proposals rose to 27.9%, up from 24.3%. Notably, support for political spending disclosures reached a new high of 42%, and 'say-on-pay' backing hit a 10-year peak. Retail investor engagement is also on the rise, with retail investors owning 6 billion more shares this season than last and increasing their voting volume by 2 billion shares. This growth is supported by the expansion of digital governance tools, such as 'voting choice' pass-through options, which saw the number of participating funds jump from approximately 400 to over 900 in a single year.
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Topics: corporate governance proxy season retail investor participation say-on-pay shareholder proposals