On March 7, 2022, The AES Corporation announced that it has received a shareholder proposal from John Chevedden, asking the Company to seek shareholder approval of any senior manager's new or renewed pay package that provides for severance or termination payments with an estimated value exceeding 2.99 times the sum of the executive's base salary plus target short-term bonus. In addition, the Company urged the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on April 21, 2022.