Proxy and financial statement design firm RR Donnelley Financial Solutions released the seventh edition of its annual "Guide to Effective Proxies", a comprehensive resource designed to "assist organizations in optimizing their shareholder communications" in the current environment of Say on Pay, increased shareholder activism, and scrutiny of ESG risk.
The 529-page interactive guide includes more than a thousand searchable examples from large-company proxies of a wide variety of both commonly used and cutting-edge components of proxy disclosure, such as , , , , , . Clicking on a company disclosure example in the Guide takes the reader directly to the company's proxy to allow readers to understand the context of the disclosure.
The guide also includes tips on increasing the visual impact of proxy statements through logos, graphics and color, and has a special section on optimizing online versions of the proxy, noting that for many companies, 80% or more of shares are held by investors accessing the proxy online. Given the ever-increasing length of proxy disclosures and the large numbers of proxy statements institutional investors are expected to read, an eye-catching, well-organized and clearly structured proxy can produce notable good will with shareholders. The Donnelley Guide provides a well-researched and conveniently packaged resource for sample disclosures while planning next year's proxy.