Amazon shareholders have rejected 15 resolutions launched forward by buyers in a push To impact The agency’s environmental influence and remedy of staff.
Shareholders voted on Wednesday in the direction of All of the resolutions, most of which focused on worker rights and completely different social factors. The resolutions included Requires The agency to report on worker well being and safety and the remedy of its warehouse staff, and a consider of Amazon’s use of plastic and modifications to The agency’s course of for board nominations.
Amazon’s board had useful that its shareholders vote in the direction of all resolutions, arguing in its proxy assertion that it has already acted To deal with the beneathlying considerations of A lot of the proposals. Traditionally shareholders have voted with the board’s ideas. Jeff Bezos, The agency’s authorities chairman, controls 12.7% of The general vote.
Whereas the resolutions are non-binding, corporations typically take some Sort of movement In the event that they acquire the backing of 30% to 40% of votes. Whereas the activist resolutions have been shut down, buyers accredited authorities compensation, board members and a inventory Chop up.
A proposal from the activist investor group Tulipshare referred to as on Amazon to conduct an unbiased audit of warehouse staff’ wages And dealing circumstances. Although the vote Did not move, the group …….