Between 1 January and 31 May 2025, Minerva tracked 755 shareholder proposals globally. Governance dominated the agenda with 472 proposals, while sustainability and remuneration accounted for 225 and 58 respectively. Furthermore, Governance drew the strongest investor backing - averaging 34% support, compared to 17% for sustainability and 10% for remuneration.

Governance proposals surged from 379 in 2024, reflecting their growing importance. Investors tend to favour these proposals due to their clearer links to company performance and widely accepted standards, making them more appealing even to non-activist shareholders.

In contrast, sustainability and remuneration proposals often spark division, can be seen as more subjective or politically charged, and are harder to tie directly to shareholder value.