A recent Agenda piece (log-in required) warned companies not to rely on the “ESG backlash” when it comes to investor relations and disclosure, particularly with regard to shareholder proposals. ESG proposals that hit the ballot skyrocketed 77% this year, in part due to new SEC rules that make it harder for companies to exclude shareholder proposals. Although many proposals will fail to garner significant support, the ones that do must be prioritized, so careful consideration of the merits and likely popularity of each proposal is needed. The article notes that companies need to first determine whether the proponent is even…
