by James R. Copland, Margaret M. O'Keefe
September 25, 2013
In recent years, large, publicly traded American corporations have increasingly faced pressure from a subset of shareholder activists that introduce proposals on the companies’ proxy ballots for consideration at annual meetings. The 2013 proxy season shows shareholder activism in the form of shareholder proposals submitted for consideration on corporate proxy ballots on the rise. Such proposals, however, received less support this year than in any of the prior seven years in the Proxy Monitor database. Labor-affiliated investors, which sponsored a plurality of all shareholder proposals in 2013, sponsored them more often at companies that play a larger role in the political process and that contribute more heavily in support of the Republican Party.