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Press Release

Support for Shareholder Proposals Increases ProxyPulse™ Report Shows

NEW YORK, N.Y., APRIL 23, 2019 – The ProxyPulse™ report released today shows that environmental, social, and governance (“ESG”) matters are gaining the attention of shareholders and public company boards.

“Support for shareholder proposals rose among institutional investors and retail shareholders, alike, to 43% of the shares voted,” said Chuck Callan, Broadridge SVP, Regulatory Affairs. “That’s a higher level than we’ve seen in recent years. The proposals spanned a wide range of topics, including board diversity, climate change, political contributions, voting rights, proxy access, and executive pay, among other topics.”

Voting results from 1,024 public company annual shareholder meetings held during the “mini proxy season” (July 1 and December 31, 2018) were released today by Broadridge Financial Solutions, Inc. (NYSE:BR) and the PwC Governance Insights Center, together with insights on the 2019 proxy season. The report can be found at:

Some specifics from this “mini proxy season” include:

  • Institutions own 65% of the shares while individuals own 35% of the shares; these percentages remained constant over the prior year period.
  • Voting participation (of the shares each segment owns) was 84% for institutions and 29% for individuals.
  • On average, support for directors was 89%. Retail shareholders were more supportive on average than institutions. However, 143 directors failed to attain majority support (out of a total of 3,367 that stood for election).
  • On average, support for say-on-pay was 83%. 79 say-on-pay proposals failed to garner at least 70% support, a threshold closely watched by some governance professionals.

About ProxyPulse

ProxyPulse is based in part on Broadridge’s processing of shares held in street name, which accounts for more than 80 percent of all shares outstanding of U.S. publicly-listed companies. Shareholder voting trends during a proxy season represent a snapshot in time and may not be predictive of full-year results.

ProxyPulse is a collaboration between Broadridge, the leading provider of investor communications solutions and the PwC Governance Insights Center, a group that supports directors and investors with governance knowledge. Visit to access the full report.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE: BR), a $4.5 billion global Fintech leader, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge's infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S. $8 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 12,000 associates in 17 countries.

For more information about Broadridge, please visit

About PwC US

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with more than 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at

©2019 PwC. All rights reserved. This content is for general information purposes only and should not be used as a substitute for consultation with professional advisors.

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