2019 Proxy Season Preview (April 2019)

With the 2019 proxy season now underway, several trends are emerging in shareholder campaigns:Environmental and social (E&S) topics will once again dominate the shareholder proposal landscape.Withdrawals could approach last year’s record. In 2018, nearly half of E&S resolutions were withdrawn as a result of productive engagements, a trend that is likely to continue.New players are joining the E&S mix. The growing momentum of E&S campaigns is attracting new proponents.No-action challenges are usurping a number of new and recurring campaigns.