More than 850 shareholder proposals have been filed so far this year at publicly traded U.S. companies, according to a report by the Investor Responsibility Research Center and Interfaith Center on Corporate Responsibility. Corporate governance resolutions submitted as of Feb. 1 totaled 625, compared with 529 in all of 2002. And at least 237 social and environmental resolutions had been filed by mid-February, compared with 273 in all of 2002. Also, 27 resolutions have been filed on separation of chairman and CEO positions, compared with just four for all of last year.
Executive pay issues are the most common focus of this years shareholder resolutions, accounting for 44% of all governance proposals. "Last year, resolutions related to traditional anti-takeover and board issues accounted for most governance resolutions 57% of all the proposals submitted, according to the groups report.