Praxis has released its 2021 proxy voting report. The report provides an overview of Praxis’ votes at company meetings during the 2020-21 proxy season and key voting trends across the financial world.
The report also covers two significant policy changes that Praxis enacted in early 2021. Praxis made changes in the areas of board diversity and executive compensation in an effort to reflect our core values and integrate specific guidance into our policy on pertinent social issues. The result is that Praxis is even more supportive of board diversity and more likely to vote against executive compensation packages, as detailed in the report.
The last several years have seen a significant increase in support for shareholder resolutions on environmental and social topics. More investors see the connection between those issues and the long-term financial sustainability of their companies. Companies are engaging their shareholders and modifying their policies in response to these investor signals. More than ever, proxy voting is making an impact.