Shareholder proposal support rises to 27.9% in 2026, Broadridge report finds
BR•Shareholder proposal support rose to 27.9% in 2026 from 24.3% in 2025, while environmental and social proposals voted on fell 47%. Political spending disclosure proposals received record average support of 42%, and say-on-pay support reached a 10-year high.
1. Voting trends shift
Broadridge's Oct. 22 report found shareholder proposal support rose to 27.9% in 2026 from 24.3% in 2025, while the number of environmental and social proposals voted on fell 47% from the prior proxy season. Support for political spending disclosure proposals averaged a record 42%, and say-on-pay support reached a 10-year high. Retail investors owned 6 billion more shares than a year earlier and voted 2 billion more shares; more than 900 funds offered pass-through voting in the year ended June 30, 2026, compared with about 400 a year earlier.
