Amazon investor request to review plastic usage was narrowly rejected
Feyisayo Ajayi
1 min read
Despite shareholders voting against all 15 resolutions at Amazon.com Inc‘s annual general meeting, an investor-led proposal to investigate the company’s usage of plastic received 49 percent support, according to a regulatory filing on Friday.
It was the only plan that came close to achieving the required 51 percent approval rating.
Investors were opposed to motions that questioned the company’s policy on a variety of topics, including worker treatment and the usage of non-disclosure agreements.
Amazon shareholders voted overwhelmingly in favor of a proposal to review whether the company’s surveillance and other capabilities contribute to human rights violations.
But an overwhelming 87% voted down a proposal calling for Amazon to review worker safety.
A report for more details on gender and racial pay managed to get support from just 29% of the shareholders.
The resolutions are non-binding, but companies often take action if they receive backing of 30% to 40% of votes cast.
This report’s information was first seen on Reuters; to read more, click this link.
