Amazon investor proposal to review plastic use narrowly fails to clear
(Reuters) – Amazon.com Inc’s investor-led proposal to overview its use of plastic gained 49% assist at the same time as shareholders voted down all of the 15 resolutions on the e-commerce large’s annual normal assembly, a regulatory submitting confirmed on Friday.
It was the one proposal that got here near reaching the 51% mark for approval. Buyers opposed resolutions that challenged the corporate’s insurance policies on varied points, together with the remedy of employees and use of non-disclosure agreements.
To make certain, about 13% of the corporate’s voting inventory is managed by Founder and Government Chairman Jeff Bezos, elevating the bar for any effort to win a majority of investor assist.
The proposal for a report on whether or not Amazon cloud, surveillance and different capabilities contribute to human rights violation gained 40% assist. However an amazing 87% voted down a proposal calling Amazon to overview employee security.
Solely 39% of votes had been in favor of a decision associated to unionization of employees, however 47% backed a report on whether or not Amazon’s lobbying actions had been according to the very best curiosity of the shareholders.
A transfer to overview Amazon’s facial recognition know-how bought 41% votes in favor, whereas a report for extra particulars on gender and racial pay managed to get assist from simply 29% of the shareholders.
The resolutions are non-binding, however corporations usually take some type of motion in the event that they obtain backing of 30% to 40% of votes solid.
Individually, buyers backed the corporate’s proposal to approve government compensation, elect director nominees and contemplate a inventory cut up by a giant margin.
(Reporting by Eva Mathews in Bengaluru; Enhancing by Arun Koyyur)
