UK sees fall in number of shareholder votes against directors’ re-election
In H1 there have been 38 significant shareholder votes against individual directors, the lowest six-month total in four years.
Image: Trum Ronnarong/Shutterstock
Board directors risk shareholders turning against their re-election for many reasons, but figures on voting patterns seem to suggest the pressure is easing.
Analysis by Board Agenda reveals that in 20219 the number of UK directors who sustained significant shareholder votes (20% or more) against their reappointment rose to a five-year high of 89. Since then the votes have been tailing off. At the half-way point for 2021 there were 38 significant votes against individual directors, the lowest six-month total in four years and an indication that shareholder behaviour is changing.
Notable directors to find themselves feeling the ire of sha
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