Among the many sound proxy statement-related and financial reporting tips & reminders in Wilson Sonsini's "Preparing for the 2019 Reporting Season": Prepare shareholder outreach "What we heard / What we did" charts and summaries that reflect shareholder input/feedback over the course of the year to inform your proxy disclosure and/or discuss with the board. This one action item addresses multiple additional proxy season considerations including proxy advisor focus on shareholder proposal responsiveness, investors' increasingly-vocal ESG-focused engagement & voting policies, and enhanced transparency and readability of your proxy statement.
See these notable, illustrative shareholder outreach/engagement proxy disclosures (courtesy of Argyle's Disclosure Database): CVS Health (p8), American Express (p31), UPS (p17), TJX (p21), Western Digital (p11), and Goldman Sachs (p8); and additional information & resources on our Shareholder Engagement, Annual Meeting, and Financial Reporting pages.
This post first appeared in the weekly Society Alert!