Shearman & Sterling LLP 58 | Shareholder Proposal Season
SHAREHOLDER PROPOSALS — SELECT COMPENSATION MATTERS
Select Compensation Matters
The number of compensation-related proposals continued to decline in 2019, although the level of shareholder support
increased slightly.
SHAREHOLDER PROPOSALS — SELECT ENVIRONMENTAL AND SOCIAL MATTERS
* Through June 30, 2019.
* Through June 30, 2019.
2019* 2018 2017
Proposal Type #
Props.
#
Pass
Avg.
% in
Favor
#
Props.
#
Pass
Avg.
% in
Favor
#
Props.
#
Pass
Avg.
% in
Favor
Create Remuneration Report 5 0 26.3 7 0 20.7 3 0 5.6
Adopt/Amend Pro-Rata
Vesting Policy
4 0 30.3 8 0 23.2 8 0 25.3
Approve Clawback Provisions 3 1 43.0 7 0 39.9 6 0 13.9
Adopt Stock Retention/
Holding Period
1 0 0.5 0 0 0 4 0 23.3
TOTAL 13 1 N/A 22 0 N/A 21 0 N/A
2019* 2018 2017
Proposal Type #
Props.
#
Pass
Avg.
% in
Favor
#
Props.
#
Pass
Avg.
% in
Favor
#
Props.
#
Pass
Avg.
% in
Favor
Political/Lobbying Report 56 2 33.6 51 0 28.8 57 0 25.6
Social Issues (Various) Report 27 2 24.8 17 0 21.9 8 0 12.9
Human Rights Report 11 0 27.1 5 0 12.5 12 0 12.7
Environmental Report/Policy 10 0 24.0 9 0 26.9 8 0 27.9
Climate Change Report 7 0 27.0 3 0 15.0 5 0 14.2
