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	<title>The Harvard Law School Forum on Corporate Governance</title>
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	<title>2026 Annual Report and Proxy Season: Proxy Voting Matters &#8211; The Harvard Law School Forum on Corporate Governance</title>
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		<title>2026 Annual Report and Proxy Season: Proxy Voting Matters</title>
		<link>https://corpgov.law.harvard.edu/2025/12/15/2026-annual-report-and-proxy-season-proxy-voting-matters/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=2026-annual-report-and-proxy-season-proxy-voting-matters</link>
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		<pubDate>Mon, 15 Dec 2025 12:32:01 +0000</pubDate>
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				<category><![CDATA[Practitioner Publications]]></category>
		<category><![CDATA[Corporate governance]]></category>
		<category><![CDATA[Rule 14a-8]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[Shareholder proposals]]></category>

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		<description><![CDATA[During the 2025 proxy season, the volume of shareholder proposals fell in the United States and rose modestly in Europe and the UK. From a substantive perspective, the season underscored an investor preference for targeted governance reforms, and in particular, the removal of supermajority provisions, board declassification, and enhanced special meeting rights. SHAREHOLDER PROPOSALS As [&#8230;]]]></description>
				<content:encoded><![CDATA[<hgroup><em>Posted by Ali Perry, Liz Walsh, and Jennifer Zepralka, Mayer Brown, on Monday, December 15, 2025 </em><div class='e_n' style='background:#F8F8F8;padding:10px;margin-top:5px;margin-bottom:10px;text-indent:2.5em;'><strong style='margin-left:-2.5em;'>Editor's Note: </strong> <p style="margin:0; display:inline;"><a href="https://www.mayerbrown.com/en/people/p/perry-alexandra-ali" target="_blank" rel="nofollow noopener">Ali Perry</a> and <a href="https://www.mayerbrown.com/en/people/w/liz-walsh" target="_blank" rel="nofollow noopener">Liz Walsh</a> are Counsel, and <a href="https://www.mayerbrown.com/en/people/z/jennifer-zepralka" target="_blank" rel="nofollow noopener">Jennifer Zepralka</a> is a Partner at Mayer Brown. This post is based on a Mayer Brown memorandum by Ms. Perry, Ms. Walsh, Ms. Zepralka, <a href="https://www.mayerbrown.com/en/people/p/pinedo-anna-t">Anna Pinedo</a>, and <a href="https://www.mayerbrown.com/en/people/j/carlos-juarez">Carlos Juarez</a>.</p>
</div></hgroup><p>During the 2025 proxy season, the volume of shareholder proposals fell in the United States and rose modestly in Europe and the UK. From a substantive perspective, the season underscored an investor preference for targeted governance reforms, and in particular, the removal of supermajority provisions, board declassification, and enhanced special meeting rights.</p>
<p> <a href="https://corpgov.law.harvard.edu/2025/12/15/2026-annual-report-and-proxy-season-proxy-voting-matters/#more-178124" class="more-link"><span aria-label="Continue reading 2026 Annual Report and Proxy Season: Proxy Voting Matters">(more&hellip;)</span></a></p>
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