Facing shareholder demands, companies expand proxy statements


The Dodd-Frank Wall Street Reform and Consumer Protection Act launched “an era of heightened shareholder activism,” and companies have responded by providing longer and arguably more informative proxy statements to shareholders, David McCann writes for CFO.com. An analysis of S&P 100 companies found that nearly twice as many companies provided summaries of important topics in their proxy statements in 2016 compared with 2012, McCann writes. Companies also are vastly more likely now to include checklists that show the types of executive compensation in use. They’re even adding some colour to their statements: About 77% of the surveyed proxy statements used colour in 2016, up from 48% in 2012.

Read more on CFO.com >