Amazon shareholders are voting against the investment proposals

Boston / New York May 25 (Reuters) – Shareholders of Amazon.com Inc (AMZN.O) on Wednesday voted against all resolutions by investors challenging the company’s policies – including the use of plastic and some concealment clauses in contracts – company office annual meeting.

A total of 15 investor decisions were considered, including one presented at the meeting. The number was a record for the retail and cloud computing giant, as socially-minded investors scrutinize employee treatment. read more

Investors voted in favor of approving compensation for executives, board members and splitting shares. read more

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The boost in the number of resolutions Amazon has advised investors to vote against comes as tech shareholders push for more transparency on social issues such as pay equality, workplace culture and safety, and sustainability practices.

Antoine Argouges, CEO of activist investor Tulipshare, said in a statement that the company would continue to push for Amazon employee rights.

“Although we are disappointed that our proposal did not pass today, this vote was only the beginning of the struggle for workers’ rights,” Argouges said.

Amazon CEO Andy Jassy defended the company’s safety record and reviewed the steps it has taken to reduce injury rates ranging from new non-slip shoes to software designed to predict and anticipate prevents recurrent stress injuries.

He acknowledged that injury rates could be affected by the rapid recruitment of new workers during the pandemic, including about 300,000 workers in 2021 alone.

The number of proposals also reflects changes in the securities regulators appointed by US President Joe Biden, which have made it easier for investors to submit proposals and make it harder for companies to convince regulators that these resolutions should not be voted on. shareholders. read more

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Report by Ross Kerber in Boston, Arriana McLymore in New York and Eva Mathews in Bengaluru Additional citations by Simon Jessop in London Edited by Peter Henderson and Matthew Lewis

Our role models: The Thomson Reuters Trust Principles.

Arriana McLymore

Thomson Reuters

Arriana McLymore cites legal activities, including diversity in the profession, corporate practices, legal training, and the career cycle of a lawyer.

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