Shareholder support for proposals seeking majority voting in director elections has averaged 47.3 percent support at 80 meetings this season. Last year, those proposals averaged 44 percent at 60 firms. This season, majority vote proposals received an average of 54.5 percent approval at 33 meetings where companies had not previously announced board election reforms such as a director resignation policy. Support was lower at firms with director resignation policies such as the one at Pfizer and over 90 other firms, averaging 42.1 percent at 47 meetings this season.

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