A new report from GMI, the independent leader in global ESG ratings and research, provides an an overview of trends in shareholder proposals related to takeover defenses over the last three years, including insight on the influence of shareholder activists in support of shareholder rights. Key findings include:
- Board declassification continues to spread in the S&P 500.
- Half of S&P 500 firms now allow shareholders the right to call a special meeting.
- The prevalence of poison pills among S&P 500 companies declined sharply from more than half in 2002 to only 16.2 percent in 2011.
Download the report, Proxy Season Wrap-Up: Successful Activism Dismantles Takeover Defenses, by filling out the form below.