This article reports on voting trends for the following two proposals:

THE “2 DEGREE PROPOSAL”

An environmental proposal requesting that the company prepare a scenario analysis on the company’s financial outlook in a carbon constrained world

THE “BOARD DIVERSITY PROPOSAL”

A social proposal focused on the gender diversity of board directors

In this 2019 article we will gauge actual support for dissident board slates among institutional investors, last year we reviewed voting by the top fifty institutional investors (ranked and weighted by equity assets under management) in contested board elections that went to a vote at U.S. issuers in the five-year period ended June 30, 2017, as reported in the Forms N-PX filed by these investors with the Securities and Exchange Commission (the “SEC”).

This article reports on voting by the top fifty institutional investors (ranked and weighted by equity assets under management) in 83 contested board elections that went to a vote (including 28 proxy contests for control of the board and 55 proxy contests to elect minorityslates) at U.S. issuers in the five-year period ended June 2017, as reported in the Forms N-PX filed by these investors with the Securities and Exchange Commission (the “SEC”). 4 5