💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

Amazon beats all 18 shareholder-led proposals at annual meeting

Published 05/24/2023, 02:43 PM
Updated 05/24/2023, 03:23 PM
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol
AMZN
-

By Arriana McLymore

NEW YORK, NY (Reuters) - Amazon.com Inc (NASDAQ:AMZN) investors voted against all 18 shareholder-led proposals during the e-commerce giant's annual meeting on Wednesday, a preliminary tally by the company showed.

The total exceeded Amazon's 2022 record of 15 as environmental, social and governance (ESG)-focused investors pushed for changes ranging from warehouse workers rights, union rights, gender and racial pay and animal welfare standards.

Proposals need more than 50% of shareholder votes to win, but Amazon is not required to adopt them. Amazon will provide the final tally an upcoming U.S. Securities and Exchange Commission filing.

Activist investor Tulipshare, which owns about $7,000 in Amazon shares, proposed an independent audit of the retailer's warehouses after the U.S. Occupational Safety and Health Administration cited violations.

© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol

Tulipshare CEO Antoine Argouges said in an emailed statement that his firm would continue to request meetings with Amazon.

According to Amazon's proxy statement, the company has "engaged with" at least 70 of its 100 largest unaffiliated investors and "numerous other shareholders."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.