Throughout what could be described as another tumultuous year, Georgeson observed several trends around Australia, including an increase in the number of proxy fights in the market and an increase in investor support for remuneration reports in the ASX300. To discover more about the trends we observed, read our insights below.
Say on climate
Still in its infancy in Australia, support for the Say on Climate initiative is growing, albeit slowly.
Board ESG accountability
ESG exposure is likely to grow as environmental and social issues increasingly draw public and investor attention.
In 2022, we witnessed the highest level of remuneration support for the ASX300 in years.
Cybersecurity and measures to prevent cyber-attacks are more important than ever for investors and proxy advisors.
Proxy trends in 2022
An overview of the trends we witnessed across Australia in 2022.
Women on boards
Much progress has been made around gender diversity on ASX company boards, however research shows there is still work to be done.
While disagreements over strategy and performance have often ended with proxy fights, we saw ESG-related activism arrive with a bang in 2022.