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Unsurprisingly, golden parachutes have become a particular focus of shareholder ire in America this year.
HSBC was the focus of shareholder discontent this year when the bank had to set aside £1.75 billion ($3.5 billion) for losses on subprime mortgages in the United States, which caused the first profit warning in the bank's recent history.
For instance, one governance topic, board diversity, has been a popular focus of shareholder proposals over the past two decades.
It is clear that director-shareholder engagement will be a continuing and increasing area of focus for shareholders.
The short-sightedness of the market was the natural consequence of its relentless focus on shareholder value, driving spurious "financial innovation" that enriched bankers while ruining the economy.
This is increasingly a focus of activist shareholders, including hedge funds.
However, Ms Garrett-Cox's pay – she received £1.34m last year – became a major focus of discontented shareholders during Elliott's campaign.
Most public company executives today decry the short-term focus of conventional shareholders on profits versus strategy.
QUEST SOFTWARE The board of Quest Software wins the shareholder appreciation award and an A for its laserlike focus on shareholder value.
These companies (referred to as FOEs) serve all stakeholders, and their overall returns, outlined in figure 15, show how their shareholders have been rewarded even more generously than those of companies focused on shareholder primacy.
The company engages in all manner of pursuits but few of them seem focussed on shareholder value.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com