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	<title>The Harvard Law School Forum on Corporate Governance</title>
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	<title>2026 Proxy Season Review: Structural Change in a Lower-Volume Season &#8211; The Harvard Law School Forum on Corporate Governance</title>
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		<title>2026 Proxy Season Review: Structural Change in a Lower-Volume Season</title>
		<link>https://corpgov.law.harvard.edu/2026/08/22/2026-proxy-season-review-structural-change-in-a-lower-volume-season/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=2026-proxy-season-review-structural-change-in-a-lower-volume-season</link>
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		<category><![CDATA[2026 proxy season]]></category>
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		<guid isPermaLink="false">https://corpgov.law.harvard.edu/?p=183349?d=20260821172616EDT</guid>
		<description><![CDATA[The 2026 proxy season was shaped less by volume than by procedural change. Proposal filings continued to decline, the number of activism campaigns fell sharply, and say-on-pay support improved—even as boards faced heightened legal complexity, more fragmented voting influence, and a regulatory environment in flux. This report reviews shareholder voting trends from the first half of the year and considers implications [&#8230;]]]></description>
				<content:encoded><![CDATA[<hgroup><em>Posted by Matteo Tonello, The Conference Board, Inc., on Saturday, August 22, 2026 </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 title="https://www.conference-board.org/bio/matteo-tonello" href="https://www.conference-board.org/bio/matteo-tonello" target="_blank" rel="noopener noreferrer nofollow" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://www.conference-board.org/bio/matteo-tonello&amp;source=gmail&amp;ust=1784727440394000&amp;usg=AOvVaw28UlgJVEca3z6JDY69TJKI">Matteo Tonello</a> is the Head of Data Benchmarking and Analytics at The Conference Board, Inc. This post is based on a report developed by The Conference Board in partnership with ESGAUGE, Russell Reynolds Associates, and Rutgers Law School&#8217;s Center for Corporate Law and Governance, and authored by <a title="https://www.conference-board.org/bio/ariane-marchis-mouren" href="https://www.conference-board.org/bio/ariane-marchis-mouren" target="_blank" rel="nofollow noopener" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://www.conference-board.org/bio/ariane-marchis-mouren&amp;source=gmail&amp;ust=1787162013465000&amp;usg=AOvVaw0DKHJGWnYR5VkO766i3Fm_">Ariane Marchis-Mouren</a>, Senior Researcher, Corporate Governance and <a title="https://www.conference-board.org/bio/Keil-Lapore" href="https://www.conference-board.org/bio/Keil-Lapore" target="_blank" rel="nofollow noopener" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://www.conference-board.org/bio/Keil-Lapore&amp;source=gmail&amp;ust=1787162013465000&amp;usg=AOvVaw1qwoNZIiKjXDU2L5Wd9FnP">Keil Lapore</a>, Program Manager, Corporate Governance at The Conference Board.</p>
</div></hgroup><p>The 2026 proxy season was shaped less by volume than by procedural change. Proposal filings continued to decline, the number of activism campaigns fell sharply, and say-on-pay support improved—even as boards faced heightened legal complexity, more fragmented voting influence, and a regulatory environment in flux. This report reviews shareholder voting trends from the first half of the year and considers implications for offseason preparation heading into 2027.</p>
<p> <a href="https://corpgov.law.harvard.edu/2026/08/22/2026-proxy-season-review-structural-change-in-a-lower-volume-season/#more-183349" class="more-link"><span aria-label="Continue reading 2026 Proxy Season Review: Structural Change in a Lower-Volume Season">(more&hellip;)</span></a></p>
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