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

This suggestsshareholders are taking a more targeted approach, resulting in a lower numberof significant dissent resolutions, but where opposition was expressed, it wasoften at a very high level.

Climate change continues to be the priority focusfor ESG activism in the market.