A Closer Look at Shareholder Votes Against Auditor Ratification – 2021
An analysis of shareholder votes filed between January 1, 2019, and December 31, 2021, shows that, on average, roughly 98% of total votes were cast in favor of auditor ratification. Votes against auditor ratification comprised 2.0% of the total votes; abstained votes account for the remaining 0.4% of shareholder votes cast. The percentage of votes against auditor ratification has remained stable since the last analysis of auditor ratification votes. However, Audit Analytics found that 96 out of 100 times, fewer than 5% of shareholder votes were cast against the auditor.
In this article, Audit Analytics examines the highest percentage votes against auditor ratification in 2021.