Diligent Market Intelligence (DMI) has released Corporate Governance in Europe 2024, examining investor stewardship trends across Europe in 2024.
According to the report, regulatory developments governing ESG disclosure are prompting institutional investors to seek enhanced environmental- and human capital-related reporting from portfolio companies. In the first five months of 2024, the 18 E&S proposals subject to a vote secured 17.9% average support, compared to 6.2% and 11.5% in 2021 and 2022, respectively.
A growing number of European companies are also increasing CEO pay in a bid to enhance competitiveness, prompting investors to closely scrutinize “say on pay” plans, while shareholder activists are focusing on value creation opportunities in the U.K. and Germany.
To read more about corporate governance in Europe this year, download the full report here.
Rebecca Sherratt 