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Thursday, July 7, 2022

Amazon shareholders reject investor-led proposals at annual meeting

Amazon shareholders voted at the company’s annual meeting on Wednesday against all investor-led proposals challenging the company’s policies — including the use of plastics and some concealment clauses in contracts.

A total of 15 investor proposals, including one that were tabled in the meeting, were considered. The figure was a record for the retail and cloud computing giant, as socially-minded investors scrutinize its dealings with workers.

Investors voted for proposals to approve executive compensation, board members and stock splits.

Increasing the number of resolutions against which Amazon recommended investors vote, tech company shareholders emphasized social issues such as pay equity, workplace culture and safety, and greater transparency on sustainability practices.

Activist investor TulipShare CEO Antoine Argouzes said in a statement that the company will continue its push for workers’ rights at Amazon.

Antoine Argouzes, CEO of activist investor TulipShare (not shown here), said the company will continue its push for workers’ rights at Amazon.

“While we are disappointed that our resolution did not pass today, this vote was just the beginning in the fight for workers’ rights,” Argouges said.

The number of proposals also reflects changes under securities regulators appointed by President Joe Biden, making it easier for investors to file proposals and making it more difficult for companies to convince regulators that these proposals should not be voted on by shareholder votes. should go.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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