While the resolutions are non-binding, companies often take some form of action if they receive the backing of 30% to 40% of votes. While the activist resolutions were shut down, investors approved executive compensation, board members and a stock split.
The increase in the number of resolutions underscores the rise of environmental, social and corporate governance (ESG)-based investing, which is spurring more shareholders to push for corporate accountability.
It also reflects changes under securities regulators appointed by Joe Biden that have made it easier for investors to file proposals and more difficult for companies to convince regulators that these resolutions should not go to a shareholder vote.
The fusillade targeted Facebook algorithms, slipshod controls over misinformation and hateful content that unhappy shareholders contended have undermined democracy, provoked murder and mayhem and had a corrosive effect on children.
But none of the 12 proposals received more than 30% support, based on the preliminary results announced on Wednesday. The lopsided outcome largely reflects the ironclad grip that Zuckerberg holds through his majority stake in the company.
Reuters contributed to this report
