April 14, 2022 | Editor: Martin Wennerström
Amazon investors to vote on warehouse labor audit
Amazon’s May 25 AGM will consider a shareholder proposal calling for an independent audit of the firm’s treatment of warehouse workers, following a refusal from the SEC the exclude the proposal from the ballot. The regulator’s backing of the proposal is in line with its guidance published last year, which facilitates AGM votes on investor proposals that concern social and environmental issues. Notably, the e-commerce giant has faced criticism over working conditions and anti-union measures. Most recently, Amazon warehouse workers on Staten Island, New York, voted on April 1 to form a union – the first one for Amazon staff in the US. In response, the company filed an objection with U.S. authorities, accusing the organizers of having used coercion to attain the requisite level of support.
Elon Musk makes unsolicited bid for Twitter
Netherlands to oppose CEO pay at Air France-KLM’s AGM
Dutch Finance minister Sigrid Kaag
has described the proposed 2021
compensation for Air France-KLM's
CEO as "incomprehensible" in light of
the airline’s EUR 3.3 billion losses
during the COVID-19 pandemic. The
minister added that the Dutch state,
owner of a 9.3% stake in the firm,
would vote against the CEO’s pay at
the May AGM. Notably, the airline has
benefited from large state financial
support, including a EUR 3.4 billion
government-backed bailout package
in 2020. The company stated that
bonuses will be deferred, and no
variable remuneration will be paid out
until the repayment of at least 75% of
the recapitalization funds.
Russia approves delisting of foreign-traded Russian securities
Governance in Brief – September 22, 2022
DOJ unveils crimefighting policies for corporate misconduct The U.S. Department of Justice has announced a new “carrots and sticks” approach to fighting corporate crime that encourages companies to report misconduct while making it more difficult for repeat offenders to enter settlements and deferred prosecutions.
Governance in Brief – September 8, 2022
BHP shareholders seek coherent climate policy Shareholder activist group The Australasian Center for Corporate Responsibility (“ACCR”) has, with the support of circa 100 co-sponsors, submitted a set of climate-focused resolutions to BHP Group’s next AGM. The ACCR is urging the miner to "proactively advocate for Australian policy settings that are consistent with the Paris Agreement's objective of limiting global warming to 1.5° Celsius."