Overall shareholder dissent fell in 2021, however there was a notable increase in support for ESG-related shareholder proposals and in the number of remuneration report defeats – “Strikes”.

This suggests shareholders are taking a more targeted approach, resulting in a lower number of significant dissent resolutions, but where opposition was expressed, it was often at a very high level. Climate change continues to be the priority focusfor ESG activism in the market.

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