Jeremy Garvey and Seth Popick co-authored a Board Agenda article discussing the complicated landscape facing U.S. public companies in the upcoming proxy season. New rules that have shaped these complexities include the use of universal proxy cards (UPC), legal challenges to advanced notice bylaw procedures, and shareholder proposals influencing management policies and strategies.

Though this is the second year with the UPC rules in effect, it is expected that 2024 will show increased challenges compared to the previous year, with the debate regarding ESG adding confusion to the mix. Despite the challenges, it is expected that most companies who take a careful approach will navigate this proxy season and adapt to evolving regulations.

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