Our annual proxy season review memo summarizes significant developments relating to the 2021 U.S. annual meeting proxy season. This year, our review comprises two parts: Rule 14a-8 shareholder proposals and compensation-related matters. This is Part 2. Part 1, which focuses on Rule 14a-8 shareholder proposals, was published on July 27, 2021. We will also host in September our annual webinar to discuss 2021 proxy season developments.