Institutional Support for Shareholder Proposals Hits New Low, Broadridge ProxyPulse™ Report Finds
Broadridge (NYSE:BR) released the ProxyPulse report on Oct 14, 2025 reporting a marked decline in institutional backing for shareholder proposals.
Key figures: institutional support fell to below 25% (the lowest since 2016 tracking), overall retail support was 21%, environmental and social proposals dropped 29% to 118, and political spending proposals fell from 46 to 18 while support rose (retail 18%→25%, institutional 24%→35%). The report notes legal, regulatory, and legislative changes as factors and highlights sustained strong voting for directors and say-on-pay.
Broadridge (NYSE:BR) ha pubblicato il rapporto ProxyPulse il 14 ott 2025, evidenziando un marcato calo del sostegno istituzionale alle proposte degli azionisti.
I dati principali: sostegno istituzionale è sceso al di sotto del 25% (il livello più basso dall'inizio del monitoraggio nel 2016), il sostegno al dettaglio complessivo è stato 21%, le proposte ambientali e sociali sono diminuite del 29% a 118, e le proposte di spesa politica sono diminuite da 46 a 18, mentre il sostegno è aumentato (al dettaglio 18%→25%, istituzionale 24%→35%). Il rapporto segnala cambiamenti legali, normativi e legislativi come fattori e mette in risalto un forte sostegno al voto per i direttori e al say-on-pay.
Broadridge (NYSE:BR) publicó el informe ProxyPulse el 14 de oct 2025, reportando un marcado descenso en el respaldo institucional a las propuestas de los accionistas.
Datos clave: el apoyo institucional cayó por debajo del 25% (el nivel más bajo desde que se inició el seguimiento en 2016), el apoyo minorista total fue del 21%, las propuestas ambientales y sociales cayeron un 29% a 118, y las propuestas de gasto político bajaron de 46 a 18 mientras que el apoyo aumentó (minorista 18%→25%, institucional 24%→35%). El informe señala cambios legales, regulatorios y legislativos como factores y destaca un sostenido fuerte apoyo a los directores y al say-on-pay.
Broadridge (NYSE:BR)는 2025년 10월 14일 ProxyPulse 보고서를 발표하며 주주 제안에 대한 기관의 지지가 현저히 감소했다고 보고했습니다.
주요 수치: 기관 지지가 25% 미만으로 떨어졌고(2016년 추세 시작 이래 최저치), 일반 소매 지지는 21%, 환경 및 사회 제안은 29% 감소하여 118로 나타났으며 정치적 지출 제안은 46→18로 감소했습니다. 반면 지지는 증가했고(소매 18%→25%, 기관 24%→35%) 보고서는 요인으로 법적, 규제적, 입법적 변화들을 지적하고 이사와 주주권 행사에 대한 지속적인 강한 투표를 강조합니다.
Broadridge (NYSE:BR) a publié le rapport ProxyPulse le 14 oct. 2025, indiquant un net déclin du soutien institutionnel aux résolutions des actionnaires.
Chiffres clés : le soutien institutionnel est tombé en dessous de 25% (le plus bas depuis le début du suivi en 2016), le soutien global des détaillants était de 21%, les résolutions environnementales et sociales ont chuté de 29% à 118, et les résolutions de dépenses politiques ont chuté de 46 à 18, tandis que le soutien augmentait (détaillants 18%→25%, institutionnels 24%→35%). Le rapport souligne des changements juridiques, réglementaires et législatifs comme facteurs et met en avant une forte participation au vote pour les administrateurs et le say-on-pay.
Broadridge (NYSE:BR) veröffentlichte am 14. Oktober 2025 den ProxyPulse-Bericht und meldete einen deutlichen Rückgang der institutionellen Unterstützung für Aktionärsvorschläge.
Schlüsselfiguren: institutionelle Unterstützung fiel unter 25% (der niedrigste Stand seit Beginn der Verfolgung im Jahr 2016), die Gesamtheit der Einzelhandelsunterstützung betrug 21%, Umwelt- und Sozialvorschläge sanken um 29% auf 118, und politische Ausgabenvorschläge fielen von 46 auf 18, während die Unterstützung zunahm (Einzelhandel 18%→25%, institutionell 24%→35%). Der Bericht führt gesetzliche, regulatorische und gesetzgeberische Änderungen als Faktoren an und hebt eine anhaltend starke Stimmabgabe für Direktoren und Say-on-Pay hervor.
Broadridge (NYSE:BR) أصدرت تقرير ProxyPulse في 14 أكتوبر 2025، مشيرة إلى انخفاض ملحوظ في الدعم المؤسسي للمقترحات المخصصة للمساهمين.
أهم الأرقام: الدعم المؤسسي سقط إلى تحت 25% (أدنى مستوى منذ متابعة عام 2016)، الدعم العام للمستهلكين كان 21%، اقتراحات البيئة والغاية الاجتماعية انخفضت بنسبة 29% إلى 118، واقتراحات الإنفاق السياسي انخفضت من 46 إلى 18 بينما ارتفع الدعم (المستهلكين 18%→25%، المؤسسي 24%→35%). تشير الدراسة إلى تغييرات قانونية وتنظيمية وتشريعية كعوامل وتبرز تصويتاً قوياً مستمراً للمشاركين ومديري say-on-pay.
Broadridge (NYSE:BR) 于 2025 年 10 月 14 日发布 ProxyPulse 报告，称股东提案的机构支持显著下降。
关键数据：机构支持降至 低于25%（自 2016 年监测以来的最低点），总体散户支持为 21%，环境与社会提案下降 29%至118，政治支出提案从 46 降至 18，而支持度上涨（散户 18%→25%，机构 24%→35%）。报告将法律、监管及立法变化列为因素，并强调董事及说一言就支付的持续强劲投票支持。
- Environmental and social proposals reduced by 29% to 118
- Institutional support tracked below 25%, a clear direction signal
- Political spending proposal support increased: institutional 24%→35%
- Institutional backing for shareholder proposals at lowest level in nine years (below 25%)
- Overall shareholder support under 15% for environmental and social proposals
- Number of political spending proposals fell from 46 to 18
Insights
Institutional backing for shareholder proposals fell sharply, narrowing the voting gap with retail holders and lowering ESG proposal counts.
Institutional support for shareholder proposals fell to
Proposals about political spending fell from 46 to 18, but voter backing rose: retail moved from
Institutional Shareholder Support for ESG at Its Lowest Level in Nine Years
"Ongoing legal, regulatory, and legislative changes have had an impact on corporate governance, as seen by the declining number of shareholder proposals and the lowest level of institutional support since we first tracked this data," said Chuck Callan, Senior Vice President of Regulatory Affairs at Broadridge and co-author of the report. "Voting support for directors and say-on-pay remains strong, as technology developments provide even greater opportunities for all voices to be heard."
Institutional Support for Environmental and Social Proposals Continue to Decline; Retail Support Remains Steady
The number of environmental and social proposals declined by
Fewer Political Spending Proposals but More Support
A decline in the number of proposals related to disclosure of political spending (from 46 in the 2024 proxy season to 18 this past season) was met with an increase in voting support. Retail support increased from
The Broadridge ProxyPulse report highlights voting trends over the past five proxy seasons. Download the full report here.
About ProxyPulse™
ProxyPulse is based on Broadridge's processing of shares held in street name at the 1,000+ broker-dealers and custodian banks that we service. We classify the accounts we process as either "retail" or "institutional" based upon the delivery channels and voting platforms they utilize. All data is reported in the aggregate. Comparative information covers annual meetings between January 1 and June 30 in each of the past five years. By ensuring companies remain compliant amid ever-changing regulatory requirements, consistently innovating in the proxy space, and delivering seamless and efficient electronic communications, Broadridge is prioritizing enhancing the investor experience and making strides toward fully democratized and digitized governance.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over
For more information about us, please visit www.broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.
FAQ
What did Broadridge's Oct 14, 2025 ProxyPulse report say about institutional support for shareholder proposals (BR)?
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