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Proxy statements must offer insights into board and company performance, including: The salaries of the company's five highest-paid executives (including bonuses and equity) and the appropriate benchmark in chart form. Executive performance and the performance of executives of similar companies.
1 By law, publicly traded companies must host an annual shareholder meeting once a year. The Securities and Exchange Commission (SEC) requires that these companies also send proxy statements to shareholders ahead of their annual meetings.
Proxy statements are intended for shareholders with voting rights, while annual reports are for anyone following the company. This may be shareholders, including potential investors, regulators, financial institutions and more.
1 By law, publicly traded companies must host an annual shareholder meeting once a year. The Securities and Exchange Commission (SEC) requires that these companies also send proxy statements to shareholders ahead of their annual meetings.
Neuberger Berman generally believes in the alignment of voting rights with economic interest (i.e., one vote, one share).