Our annual proxy season review memo summarizes significant developments relating to the 2020 U.S. annual meeting proxy season. This year, our review comprises three parts: Rule 14a-8 shareholder proposals; compensation-related matters; and takeaways for 2021. This is Part 2. Part 1, which focuses on Rule 14a-8 shareholder proposals, was published on July 15, 2020. We expect to issue Part 3 shortly. We will also host our annual webinar to discuss 2020 proxy season developments in September.