April 2026

  • Director support in uncontested elections remains strong, but investor engagement signals the bar would rise sharply in a fight.

  • Say-on-pay results are trending upward early in the season, though companies that avoid hard conversations in engagements are paying for it at the ballot box.

  • Environmental and social proposal support continues to soften, governance proposals remain well-supported, and anti-ESG proposals are again near record volume — with negligible support.

  • Delay is proving costly. Boards that absorbed warning shots — low director votes, withheld support, a founder's WSJ ad — without treating them as binding are now paying a premium to settle contests they could have resolved cheaper, earlier.

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The Jasper Street Monthly: April 2026 (Proxy Season Edition)