An analysis of shareholder votes filed between January 1, 2018, and December 31, 2020, shows that, on average, roughly 98% of 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 increased since our last analysis of auditor ratification votes. However, this increase builds on a trend that Audit Analytics has made note of over the past three years.
In this article, Audit Analytics takes a closer look at the highest percentage votes against auditor ratification in 2020.