Already, some asset managers have expressed concern that the influx of shareholder proposals are not resulting in a corresponding increase in enterprise value.[28] Instead, these asset managers noted the proposals’ high level of prescriptiveness, lack of connection to material risks or long-term value, and decreased overall quality.[29] Thus, it is not surprising that the average percentage of votes cast “for” proposals declined from 36% in 2021 to 24% in… [read post]