Proxy Season 2024: How to Act Like an Owner
The basics of proxy voting and Morningstar’s analysis of the themes and companies that will dominate this year.
Warren Buffett says investors should act like part-owners: Know the businesses they own and express their opinions about how the business is run. Shareholders put this concept into practice during proxy season, the springtime ritual when they vote on issues affecting the companies they own.
During proxy season, you’ll start seeing proxy statements flooding your mailbox, as companies remind you to cast your ballot for all the resolutions on the table. These might cover topics like nominees for the board, compensation of directors and executives, and shareholder proposals. All this happens ahead of the company’s annual general meeting.
Companies’ annual meetings happen throughout the year, but informally, proxy season falls between Apple’s AAPL meeting (Feb. 28, this year) and Alphabet’s GOOG annual meeting in June. This year, we also expect eyes will be trained on Nvidia NVDA at its annual meeting later in June.
To help guide you through the season, Morningstar analysts and writers explore why it’s important to vote, what’s likely to dominate the 2024 season, and cover the votes worth watching. We’ll also take you through the basics of proxy voting and how it works.
We’ll update this list of proxy-season stories regularly. Now cast your vote!
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.