Are Super Majority Votes Headed for Extinction?

Shareholder proposals to eliminate supermajority vote requirements are soaring among the biggest listed U.S. companies, a sign that investors feel more well-represented in businesses that make decisions based on a simple majority. The percentage of S&P 500 companies still employing supermajority rules has declined to just over one third, meaning those retaining the practice increasingly look like outliers and may face more scrutiny and pressure to change.