Glass Lewis’ 2024 Proxy Season Preview for the United States provides an overview of key trends and explains how our updated Benchmark Voting Policy will be applied.

Key highlights from our report: 

• Increased disclosure on technology risks: Companies seen as laggards in terms of risk oversight and related disclosure on cybersecurity reporting may face increased shareholder opposition. 
• Impact of the new Universal Proxy Card (UPC) rule: Companies could implement more novel, and in some cases potentially problematic, responses to UPC.
• Board composition and effectiveness: As investors continue to scrutinize board diversity, more companies are likely to disclose skills matrices as well as other types of disclosure to provide insight on board effectiveness.
• ESG trends & upcoming shareholder proposals: Investors are focusing more on AI ethics and human capital management issues. We expect to see more traditional ESG-related proposals and so-called ‘anti-ESG’ proposal campaigns in 2024.