Shareholder proposals calling for splitting up the CEO and chair roles soared this past proxy season, as corporate governance proponents pushed their long-standing arguments that dual roles are bad for both working efficiency and corporate oversight.
Of the 79 proposals that went to a vote this past season, 41 came from Chevedden, ICS said. Among just S&P 500 companies, there were 69 proposals, MyLogIQ data shows, with 37 coming from Chevedden and 19 from activist investor Kenneth Steiner. Another eight came from the National Legal and Policy Center, the conservative group behind many anti-ESG proposals.
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