Amazon investor proposal to review plastic use narrowly fails to clear -Breaking
[ad_1]
(Reuters). Amazon.com Inc. (NASDAQ:), a shareholder-led initiative to evaluate its use of plastics won 49% support despite the fact that shareholders voted against all 15 resolutions during the e-commerce company’s annual general assembly.
The proposal came within 51% of being approved. Resolutions challenging the company’s policies regarding workers, non-disclosure agreements and other issues were opposed by investors.
Jeff Bezos (Founder and Executive Chairman) controls approximately 13% of voting stock. That raises the bar for investor support.
A report on Amazon’s surveillance, cloud and other capabilities causing human rights violations was supported by 40% of the members. An Amazon proposal to examine worker safety received overwhelming support from 87%.
While 39% voted against a resolution relating to the unionization of workers’, 47% supported a report on Amazon’s lobbying practices that were compatible with shareholders best interests.
Amazon’s facial recognition technology was reviewed by 41% of shareholders, and the report on gender pay received support from only 29%.
While the resolutions themselves are not binding, many companies take action once they have received support of 30-40 percent of voters.
Investors supported separate proposals by the company for approval of executive compensation and election nominees to director positions, as well as a stock-split.
[ad_2]