Aflac (AFL) AGM 2026 summary

Shareholder proposals

• Proposal to require an independent board chairman was presented, emphasizing improved governance, impartiality, and enhanced oversight; the proposal argued against combining CEO and chairman roles and highlighted inclusivity concerns at meetings.

Overview of voting outcomes

• All 11 director nominees received over 94% approval.

• Advisory say-on-pay proposal passed with over 94% support.

• Appointment of KPMG as auditor for 2026 approved by over 95%.

• Over 83% voted against the independent board chairman proposal.

Q&A with stakeholders

• Share buyback plans for 2026 remain tactical, with $1 billion repurchased in Q1.

• Chairman expressed intent to continue serving, with ongoing board succession planning.