With the effects of the subprime mortgage crisis sweeping across corporate America this proxy season, US shareholders failed to force much change in boardrooms, despite anger over declining stock prices and companies’ failure to manage risk.

Based on mid-year voting results, support for many types of shareholder proposals has dropped in the last proxy season, which officially ended June 30. On perhaps the single biggest investor issue this year – allowing shareholders to vote on executive pay packages, called “say on pay”– support has remained flat.